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The Board of Supervisors on Tuesday agreed to request proposals from #marijuanabusinesses interested in applying for one of 16 operating permits that will be issued.
Applicants will have to send a letter stating their intent to open a cannabis business, describe the type of operation and provide proof that they own or can lease the chosen site. County staff then will ask qualified businesses to complete a more formal process, rank their proposals and recommend which ones should get the permits." #regulating#commercialcannabis#cannabisindustry#daleschaferlaw#daleschafer
0 1714 February, 2019
#cannabisindustry - "The announcement was made via the newsroom of the Senate Committee on Finance, of which Wyden is the ranking member. It was a fitting move considering the financial bent of the three-bill package, which, in addition to #deschedulingcannabis , does away with IRC section #280E , the misappropriated tax code that flagrantly “prohibits #marijuanabusinesses from claiming certain deductions and credits for federal tax purposes.” The Marijuana Revenue and Regulation Act also imposes a significant federal #excisetax on #cannabisproducts using the rationale that “ #alcohol and #tobacco products are subject to federal excise taxes.” The proposed tax starts out at ten percent for the first two years and increases not-so-incrementally over the next four years before topping out at 25 percent for all #cannabisproducts , defined in the bill as “any product containing marijuana or a marijuana derivative.”" #cannabispolitics #cannabispolicy#commercialcannabis#daleschaferlaw#daleschafer