[Added 8-4-2021 by Ord. No. 15/21]
A. 
The Town of West New York shall collect 2% of the receipts from each sale by a cannabis retailer and the retailer shall submit audited receipts to the Town. The 2% tax shall be payable quarterly.
B. 
The cannabis retailer shall be required to submit an application for a license, to be accompanied by a fee of $6,000, with all documentation as set forth in the application as required by the Town of West New York.
C. 
The annual license renewal fee, payable on the first day of January of each calendar year, is $15,000.