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EXHIBIT 1 - RESEARCH ESTIMATING CANNABIS TAX RATES IN RIVERSIDE COUNTY

Corona City Council
July 6, 2022

Document
EXHIBIT 1 - RESEARCH ESTIMATING CANNABIS TAX RATES IN RIVERSIDE COUNTY
Meeting
July 6, 2022
Body
Corona City Council
Original file
657 KB
Text extracted from the city's file for reading and search. Open the original on corona.legistar1.com. That file is the official record.

CANNABIS OPERATING FEE ~ CORONA

AGENCY RETAIL MANUFACTURING DISTRIBUTION TESTING

RANGE SET RANGE SET RANGE SET RANGE SET
CORONA 0 – 9% 7% 0 – 7% 5% 0 – 7% 5% 0 – 3% 2%
1 The County of Riverside does not have a voter approved tax, but cannabis businesses are required to enter into a development agreement. The listed public benefit fees are set by policy of the Board of Supervisors and are subject to a 2% annual increase. The County also requires an additional public benefit fee that is set forth in the development agreement. For a recent project approved in Corona’s sphere of influence, the additional public benefit fee was $38,000 per year with a 5% annual escalator.
2 The County’s fee for retail and manufacturing varies depending upon the total square footage of the business.

RESEARCH ESTIMATING

CANNABIS TAX RATES IN RIVERSIDE COUNTY
AGENCY

RETAIL MANUFACTURING DISTRIBUTION TESTING

RANGE SET RANGE SET RANGE SET RANGE SET
COUNTY OF RIVERSIDE1 $16 -
$20/SF2
$3-
$4.50/SF2 $3/SF $2/SF
BANNING 0 – 15% 10% 0-10% 10% 0-10% 10% 0-10% 10%
DESERT HOT SPRINGS 0-10% 10%
HEMET 0-15% 8% 0-25% 3% 0-15% 2% 0-15% 4%
JURUPA VALLEY $0-$25/SF $25/SF $0-$3/SF $3/SF $0-$3/SF $3/SF $0-$3/SF $3/SF MORENO VALLEY 0-8% 8% 0-8% 8% 0-8% 8% 0-8% 8%
PALM DESERT 0-15% 10% 0-3% 2%
PALM SPRINGS 0-15% 15% 0-15% 15% 0-15% 15% 0-15% 10%
PERRIS 0-10% 10% 0-10% 10% 0-10% 2%
SAN JACINTO 0-15% 10% $0-$35/SF $10/SF $0-$35/SF $10/SF $0-$35/SF $10/SF EXHIBIT 1 - RESEARCH

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