Cathedral City City Council
January 25, 2023

Question 21
(Retail)
Question 22
(Retail)
Question 23
(Retail)
Question 24
(Retail)
Question 25
(Retail) (Retail)
Gross Revenues
Upon First
Opening
October 2022
Gross
Revenues
October 2022
Business
Expenses
October
2022
Net
Revenue
October 2022
California State
Cannabis
Taxes Paid
October 2022
California State
Sales Tax Paid
(8.75%)
October 2022
Cathedral
City
Taxes Paid
Total
Taxes
Paid
Taxes as a
Percentage of Gross
Revenue
Respondent failed to
provide response $76,559 $75,984
$575
$6,744 $6,699 $7,654 $21,097
Taxes paid exceed
net revenue by
2,662%
$1.09M/Yr (2021)$200,000
"Debit from
business
account"
Respondent
failed to
provide
response
(27% tax on
wholesale price
paid
$17,500 $20,000 $37,500 18.8%
$1.8M/Yr (2017)
$150,000/Month$63,626
"from sales and
borrowing
from trust"
Respondent
failed to
provide
response
$3,817 $5,567 $6,363 $15,747 24.7%
$3.2M/Yr (in
2018)
$266,667/Month
$107,007 $8,610 $98,397 $10,928 $9,363 $10,700 $30,991 31.5% $303,229/Yr
(2017)
$1.02M/Yr
(2018)
$30,611 $59,511 ($28,900) $7,726 $2,678 $3,635 $14,039 20.6% Tax paid on Gross Revenue
$1.5M/Yr
$1.0M
Annually
$83,333/Month
$65,000 $18,333 $25,000 (est.) $7,292 $7,000 $39,292 214.3% $40,000 $32,000 $47,067 ($15,067) $4,500 $2,800 $2,900 $10,200 17.8% Tax paid on Gross Revenue
Exhibit "B"Cannabis Tax AnalysisQ4 2022 Survey and Interview Results