TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Alexandria Latragna, Policy and Management Analyst
SUBJECT:Title
Consideration of Presenting to the Voters Ballot Measures Concerning Commercial Cannabis (City Manager Moe).
(Estimated Time: 1 Hr.)
ADOPT RESOLUTION NOS. 22-0098 AND 22-0109
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council:
1. Adopt Resolution No. 22-0098 submitting to the voters at the November 8, 2022, election a measure prohibiting the sale of commercial cannabis in Manhattan Beach.
2. Adopt Resolution No. 22-0109 submitting to the voters at the November 8, 2022, election a measure establishing a tax on commercial cannabis activity should it ever become permissible in the City.
3. Direct City Attorney to revise the Council-selected resolution(s) and measure(s) in accordance with Council direction and for internal consistency, if necessary.
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FISCAL IMPLICATIONS:
If Council opts to proceed with two measures, according to Los Angeles County's Election Estimating Calculator on its website, the approximate costs of adding two additional ballot measures to the November 8, 2022, ballot is $38,281.26. If the prohibition measure prevails, there will be no tax revenue. Anticipated annual tax revenue if the proposed Tax Measure is placed on the ballot and receives the requisite number of votes at the election is estimated to be between $0 and $960,000. There may be additional tax revenue depending on whether other cannabis uses are taxed. Anticipated annual tax revenue if the proposed Regulatory/Tax Measure is placed on the ballot and receives the requisite number of votes at the election is estimated to be between $240,000 and $320,000. There may be additional tax revenue depending on whether other cannabis uses are subsequently allowed.
BACKGROUND:
A cannabis measure ("The Cannabis Industry Measure") has qualifi...
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