San Francisco Crime Surge Prompts City to Suspend Cannabis Tax to Help Dispensaries vs. Dealers

City supervisors in San Francisco unanimously approved an ordinance suspending the city's business tax on cannabis retailers last week.

San Francisco Supervisor Rafael Mandelman, who penned the ordinance, said in a statement to the San Francisco Examiner that the suspension is intended to help out legal cannabis retailers who are trying to compete with illegal drug dealers and a spike in theft.

The tax, which imposes a 1% to 5% citywide tax on gross receipts from cannabis businesses, was approved by voters in November 2018 and was slated to go into effect on Jan. 1, 2022. The ordinance, which passed Tuesday, suspends the tax through Dec. 31, 2022.

https://www.foxnews.com/us/san-francisco-suspends-cannabis-tax-dispensaries-compete-drug-dealers

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