Receive Update on
Cannabis Related Items
ITEM 2.8 - PRESENTATION
MAY 13, 2024
Background
Overview of the first annual review of the City of Lathrop's first and only approved cannabis dispensary, Serenity of Lathrop.
Opened on March 24th, 2023, the dispensary has been an important part of the community, serving a significant number of patients daily.
Per the Development Agreement approved by Council at the August 12, 2022 Council meeting the Council is to receive an annual review
The Development Agreement states that the “City shall keep strictly confidential all statements of revenue furnished by Operator related to operation of the Business” Overview of Fiscal Impact
Serenity of Lathrop has had a
substantial positive impact on the
community since its inception.
With an average of 450 patients
visiting the dispensary daily,
approximately 55% of these
patients are residents of the City
of Lathrop. Notably, there has
been a diverse demographic
served, with the primary average
age being 56+, and approximately
14% of patients being retired
military personnel.
The dispensary has observed a
high demand for products
indicating a clear need for
alternative medicinal solutions
within the community.
Tax - Type % Received by City Fund Name
Bradley- Burns Local
Portion
of 8.75% Sales Tax
1% General Fund
Measure C 1% Measure C
In-Store
Gross Receipts 5% General Fund
Online
Gross Receipts 2% General Fund
*City revenues appear to be on target to meet projections.
Community & Future Initiatives
Serenity of Lathrop has actively engaged with
local organizations, sponsoring community
events like Lathrop’s Annual Juneteenth
Celebration and organizing canned food drives
to support senior citizens.
Additionally, initiatives such as toy, backpack,
and clothes drives have commenced, aimed at
economically disadvantaged youth, thus
demonstrating a commitment to community
welfare.
Serenity of Lathrop is committed to investing
further in the community beyond fulfilling
local tax obligations. Serenity plans to partner
and participate with "Cops for the
Community," a nonprofit organization that
focuses on community-inspired projects.
Security Measures
While the dispensary has
maintained a positive
relationship with city staff, the
Lathrop Police Department, and
surrounding businesses, there
was one isolated burglary
incident on December 27, 2023.
This occurred amidst a series of
burglaries across California,
primarily in the Bay Area.
Serenity of Lathrop promptly
addressed the incident,
identifying vulnerabilities in its
security barriers and reinforcing
them to prevent future
occurrences.
1 9
0 0
4 0
1 3
1 1
5 1
0 2
1 0
1 2
3 4
5 6
7 8
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16925 Harlan Rd. Fuel/ C-Store 1 Fuel/ C-Store 2
Lathrop PD– Case Count By Quarter
Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024
Annual Review
In conclusion, the first annual review of Serenity of Lathrop cannabis dispensary reflects a significant positive impact on the community.
Through its services, product offerings, community engagement, and commitment to security, the dispensary has become an integral part of Lathrop's social and economic fabric. As we move forward, the City anticipates continued success in fostering a thriving and safe community environment.