City of Santa Barbara to Spend $276,000 on Audit of Cannabis and Tourism Taxes
Tourism taxes bring $30 million a year, and cannabis businesses accounted for $1.4 million in 2023.
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Tourism taxes bring $30 million a year, and cannabis businesses accounted for $1.4 million in 2023.
The county’s cannabis industry generates $10 million less than projected.
The Board of Supervisors requires cannabis growers to pay timely quarterly taxes or lose their licenses.
At a June 6 hearing, county supervisors unanimously proposed not to renew business licenses if the grower misses one quarterly tax deadline.
Commissioner Meagan Harmon says there are “obvious issues at the county level that must be addressed.”
“We kept our promises, and they broke theirs,” a citizens’ coalition says.
Central Coast Agriculture, a major polluter, has 60 days to get clean-air permits, regulators say.
North County operators with permits for more than 160 acres of pot walked away this month, as the Board of Supervisors sought a way to shore up slumping cannabis tax revenues.
State audits and supes crack down on operators, and growers in Glass House throw stones.
Carryover funds from previous years will take up the slack, officials say.