[Added 8-19-2021 by Ord. No. 6PSF-AA (s), 08-19-2021]
The Division of Taxes and Revenues shall be entitled to collect a cannabis Transfer Tax and User Tax.
a.
Transfer Tax is a percentage based on receipts of each sale from these cannabis establishments in the following amounts:
b.
User Tax shall be imposed on the value of each transfer or use of cannabis or cannabis items not otherwise subject to the transfer tax imposed in this Section in the following amounts:
1.
Cannabis Cultivator - Shall be taxed at 2%.
2.
Cannabis Manufacturer - Shall be taxed at 2%.
3.
Cannabis Wholesaler - Shall be taxed at 1%.
4.
Cannabis Retailer - Shall be taxed at 2%.
This revenue shall be remitted to the City on a monthly basis with proper documentation showing the total monthly sales, transfer amount, or use of cannabis or cannabis items on which the taxes are based on. |