Law and Legislation Committee
March 15, 2022

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APPENDICES:

Appendix A: Fiscal and Economic Impact
Analysis Methodology and
Detailed Tables
Appendix B: Initiativ es in Other States
Appendix C: Comparison of Cannabis Land
Use Regulations: Sacramento,
Oakland, Long Beach, Seattle
Appendix D: Comparison of City of
Sacramento and State of
California Cannabis Regulations
Appendix E: Real Estate Market Analysis
Support Figures
Appendix F: Cannabis Business Crime Data
Appendix G: Cannabis Industry Survey
Responses

APPENDIX A:

Fiscal and Economic Impact Analysis
Methodology and Detailed Tables

Appendix A
Economic & Planning Systems, Inc. (EPS) A-1
Fiscal and Economic Impact Analysis
Methodology and Detailed Tables
This section details the underlying methodology and assumptions used to estimate the fiscal impact of cannabis operations on the City. It describes assumptions concerning municipal service delivery and General Fund budgeting. In addition, it details the methodology used to estimate the General Fund revenues and municipal service expenditures attributable to cannabis operations. The municipal services analyzed in this Analysis comprise General Fund services only (e.g., police, fire). The Analysis excludes any services that may be funded privately. Further, this Analysis does not address activities budgeted in other City Governmental Funds or Proprietary Funds (e.g., enterprise funds), nor does it include an evaluation of capital facilities or the funding of capital facilities needed to serve new development.

General Assumptions
The Analysis is based on the City’s Approved Budget for FY 2021–22, estimated citywide residential and employment populations as of 2021, tax regulations and statutes current as of December 2021, and other general assumptions discussed herein. Each revenue item is estimated based on current State legislation and current City practices. Future changes by either State or City legislation or practices may affect the revenues and expenditures estimated in this Analysis. All costs and revenues are shown in constant 2021 dollars. General fiscal and demographic assumptions are detailed in Table A-1.

EPS consulted the City’s budget documents to develop forecasting methodologies for specific revenues and expenditures affected by cannabis operations. In addition, EPS consulted with City staff to clarify budget data and review assumptions.

Cannabis Business Assumptions
Listed below are summaries of cannabis business operations-related assumptions used in this Analysis:
 Building Square Footage. Building square footage of cannabis businesses was obtained from building permit application data for all cannabis uses with the City.

Building square feet by business group is shown in Table A-2.  Estimated Population. Employment estimates are based on an assumed employment density for each cannabis business group. A building square foot per employee assumption was developed based on preliminary data provided by the City pertaining to a survey of cannabis business. The City data provided an estimate of full and part time employees for each business group. To estimate the full-time

Appendix A
A-2 Economic & Planning Systems, Inc. (EPS)
equivalent employees, this study assumes all part time employees are one half of a full-time employee. In estimating certain annual revenues and expenditures (service demands), EPS developed a “persons-served” population estimate to approximate the impacts of an employee relative to a City resident. EPS uses a factor of

0.5 employees plus all residents to derive the persons-served population. As this analysis is an assessment of business-related costs and revenues, persons served is equal to one half of all employees. Table A-2 shows the estimated employees, and persons served generated by cannabis uses.
 Assessed Value. The assessed value for cannabis uses is estimated in this analysis utilizing assessed value per square foot assumptions based on available data for similar nonresidential uses located in and around the Sacramento region. The estimated assessed value for cannabis uses includes the value of both secure and unsecure property. The estimated assessed value is presented in Table A-12.  Property Turnover Rates. It is assumed in this analysis that all property will turn over once every 20 years and an annual turnover rate of 5 percent is assumed for all business groups.

General Fund Assumptions
This Fiscal Analysis considered only discretionary General Fund revenues that are generated by cannabis operations. Offsetting revenues, provided by City Finance Department staff, are General Fund revenues dedicated to offset the costs of specific General Fund department functions and are excluded from this Analysis for both revenue and cost estimates. Offsetting revenues by revenue and cost categories are shown in Table A-4 and Table A-10, respectively.
52 In addition, this Fiscal Analysis excluded revenue and expenditure items that are not expected to be impacted by cannabis operations.

General Fund Revenue-Estimating
Methodology
EPS used either an average-revenue approach or a marginal-revenue case-study approach to estimate Project-related General Fund revenues:
 The average-revenue approach uses the City’s FY 2021-22 budgeted revenue amounts on a citywide per capita, per-employee, or per-persons-served basis to forecast revenues derived from cannabis employees, or persons served.

52 Although commonly included as an offsetting revenue source, a portion of funding from fines and forfeitures is used to fund services related to cannabis. As such, this revenue source is estimated using a per persons served multiplier, which assumes that fine and forfeitures collected from cannabis operations is consistent with the collection from other sources on a per persons served basis.

Appendix A
Economic & Planning Systems, Inc. (EPS) A-3
 The marginal-revenue case-study approach simulates actual revenue generation resulting from new development. The case-study approach for estimating sales and use tax revenues, for instance, forecasts market demand and taxable spending from the cannabis employees and direct cannabis taxable sales. Case studies used in this Analysis are discussed in greater detail later in this section.

Revenue sources not expected to be impacted by cannabis operations are excluded from this Fiscal Analysis. These sources of revenue are not affected by cannabis operations because they are either one-time revenue sources not guaranteed to be available in the future or there is no direct relation between cannabis operations and increased revenue.

A listing of all City General Fund revenue sources and the corresponding estimating procedure used to estimate revenues attributable to cannabis operations is shown in Table A-4. A summary of estimated annual General Fund revenues generated by cannabis operations is provided in Table A-5. As shown, cannabis operations are estimated to generate nearly $27.3 million in annual General Fund revenues. In addition to the General Fund revenues, cannabis operations are estimated to generate an additional $5.2 million in non-General Fund revenues in the form of neighborhood responsibility plan fees.

Average-Revenue Categories
An average revenue multiplier was used to estimate a variety of revenue sources, including transient occupancy taxes (TOT), utility taxes, business operations taxes (non- cannabis related), franchise fees, other license and permit fees, and fines and forfeitures.

All sources were estimated using a per-persons-served revenue multiplier, except business operations tax revenue, which was estimated based on a per-employee revenue multiplier.

An adjustment factor was applied to the average revenue multiplier for the all categories to account for the unpredictable, historical ebbs and flows of these revenue sources. As a conservative approach to prevent potentially overestimating revenues, this Fiscal Analysis discounts all revenues estimated via multiplier by 50 percent.

The average revenue methodologies used in this Analysis are based on EPS’s previous experience in forecasting these revenue sources and conversations with City Finance staff to determine specific circumstances related to these City General Fund revenues.

Marginal-Revenue Categories
Property Tax
Estimated annual property tax revenue resulting from cannabis operations is presented in Table A-6. The estimate of property taxes the City receives is derived from the estimated assessed values of all cannabis uses, shown in Table A-12, and the City

Appendix A
A-4 Economic & Planning Systems, Inc. (EPS)
average General Fund’s post-Educational Revenue Augmentation Fund (ERAF) share of the 1 percent ad valorem property tax rate.

Property Tax in Lieu of Vehicle License Fee
The Analysis uses a formula provided by the State Controller’s Office to forecast Property Tax in Lieu of Vehicle License Fees (PTIL VLF). PTIL VLF is calculated by taking the percentage of the City’s assessed value resulting from the assessed value of cannabis uses and applying that percentage increase to the City’s current State allocation of PTIL VLF revenue, as shown in the City’s FY 2021-22 budget. This calculation of PTIL VLF based on the Project’s estimated total and marginal assessed values is shown in Table A-6.

Real Property Transfer Tax
Real property transfer tax is based on the assessed value of cannabis uses and the anticipated turnover of properties over time. This Analysis is based on the assumption that all property will transfer once every 20 years. An estimate of real property transfer revenue attributable to cannabis uses is shown on Table A-7.

Sales Tax
Sales tax revenue is based on estimated taxable sales, the Bradley-Burns local 1 percent Uniform Local Sales Tax rate and the Measure U 1 percent rate as summarized in Table A-8. Measure U was a supplemental half-cent transactions and use tax rate approved by voters in 2012 as a temporary tax. In November 2018, Sacramento voters approved a new version of the City’s Measure U tax, extending it and raising it from a half-cent to a full cent.

EPS uses a combination of methodologies to account for taxable sales generated by the Project:

1. Market Support Method. This methodology measures taxable sales generated from cannabis business employees spending money within the City’s boundaries.

2. Retail Space Method. This methodology estimates direct taxable sales from retail sales of cannabis.

Annual Taxable Sales fr om Market Support
(Employees)
Based on estimates gleaned from the 2012 International Council of Shopping Centers’ Office-Worker Spending in a Digital Age report and conversations with the City’s sales tax consultant, employees within the City are estimated to spend an average of $10 in taxable retail expenditures per day for each of the 240 work days annually. To remain

Appendix A
Economic & Planning Systems, Inc. (EPS) A-5
conservative, this Fiscal Analysis estimates the City will capture approximately 75 percent of taxable expenditures from the Project’s employees.

Refer to Table A-8A for estimated annual taxable sales from market support.

Direct Annual Taxable Sales from Retail Cannabis Sales
Retail and delivery operations generate both medical and adult use sales. While medical sales will result in business operations tax and other revenues, medical sales of cannabis is not eligible for general sales tax collection. The Fiscal Analysis estimated total annual retail sales for both retail category for FY 2021-22 based on the amount of business operations taxes allocated to both sale categories for FY 2020-21, as provided by City staff. The Fiscal Analysis assumes that FY 2021-22 retail sales will be consistent with levels seen in FY 2020-21. Based on data provided by the City, it is estimated that $290 million in taxable sales will occur in FY 2021-22, $271 million of which is adult use. EPS further allocated retail sales to retail and delivery uses based on the share of business operations tax collected for each category in the previous year.

Refer to Table A-8B for estimated annual taxable sales from onsite retail development at buildout of the Project
Proposition 172 Public Safety Sales Tax
Public safety sales tax is collected on a countywide basis and allocated principally to the County, with a small portion of revenues allocated to incorporated cities in the County.

This revenue source is used to fund police and fire services in the City. The Analysis estimates these tax revenues using the current FY 2021-22 relation between total sales tax revenue and Proposition 172 public safety sales tax revenue. This relation may vary in the future because actual revenues received by the City are affected by several factors in the rest of the County. The estimated FY 2021-22 revenues shown in this Analysis reflect existing fiscal conditions. Estimated revenues from the City’s share of the half-cent sales tax for public safety are shown in Table A-8.

Business Operations Tax
Project business operations taxes for cannabis uses are included in the FY 2021-22 approved budget for City and are fully allocable to cannabis operations. The Fiscal Analysis assumes that projected business operations tax revenues will be generated by each business group, consistent with that group’s proportional share of revenues seen in the previous year. Allocation of business operation taxes to each business is shown in Table A-9.

Neighborhood Responsibility Plan Fee
The neighborhood responsibility plan fee is a 1 percent fee applied to all cannabis uses in the City. This revenue source is not allocated to the General Fund and has been estimated in this analysis as an independent revenue not contributing to the estimated

Appendix A
A-6 Economic & Planning Systems, Inc. (EPS)
annual General Fund surplus. Estimated as 1 percent of all cannabis related activity for each business group, the local neighborhood responsibility plan fee is estimated to result in an additional $5.2 million in revenues. The obligation is occasionally met in whole or in part through in-kind services. For purposes of this analysis, the value of any in-kind services are assumed to have a value similar to the 1% fee. Estimated revenues from the neighborhood responsibility plan fee are estimated on Table A-9.

Expenditure-Estimating Methodology
Expenditure estimates are based on the City’s FY 2021-22 approved budget and supplemental information from City staff. The Fiscal Analysis shows estimates of General Fund expenditures attributable to cannabis operations, including direct Cannabis expenditure and general City operational expenditures. General city operationsal expenditures are defined as General Fund department expenditures not directly attributable to cannabis operations. These expenditures that are expected to be affected by the Project are forecasted using an average-cost approach. The average-cost approach uses the City’s FY 2021-22 budgeted expenditures on a citywide per capita or per-persons-served basis to forecast expenditures required to serve new development.

A listing of all City General Fund expenditures and the corresponding estimating procedure used to forecast future expenditures is shown in Table A-10. A summary of estimated annual General Fund expenditures required to serve cannabis operations is provided in Table A-11. As shown, the Project is estimated to result in about $7.5 million in annual General Fund costs. Expenditures directly related to cannabis operations were provided by the City based on the approved FY 2021-22 budget, including all expenditures related to cannabis specific FTEs. Cannabis operational expenditures are estimated at $5.5 million annually. The remaining $2.0 million in expenditures is attributed to general City operational expenditures required to serve Cannabis businesses and employees.

Average-Cost Expenditures
General City operational expenditures are estimated using a per persons served or per capita expenditure multiplier. Convention and Cultural Services and Citywide and Community Support expenditures are estimated using a per capita average cost multiplier because this service generally is demanded by residential development only. As the Fiscal Analysis estimates the impact of nonresidential uses, no annual expenditures are estimated for these cost categories.

Expenditures that are affected by residents and employees are projected using a per- persons-served average cost multiplier. These expenditures include General Government, Police, Fire, Community Development, and Public Works expenditures, net of direct cannabis expenditures.

An adjustment factor can be applied to the average-cost multipliers for expenditure categories to reflect the percentage of expenditures subject to increase due to development within the City, considering fixed costs. This analysis assumes adjustment

Appendix A
Economic & Planning Systems, Inc. (EPS) A-7
factors consistent with those used for recent fiscal completed for various projects in the City. Expenditure factors range from 50 to 90 percent for all expenditure categories, except for police and fire services, which do not include an adjustment factor. As shown on Table A-10, general City operational are estimated at approximately $593 per person served.

Police and Fire Expenditures
Based on conversations with the City police and fire departments, cannabis operations have not been shown to be overly taxing on their respective public safety departments beyond the impacts associated with typical industrial and commercial uses. As such, this Fiscal Analysis estimates police and fire expenditures using a per persons served multiplier method for all expenditures beyond those directly attributed to Cannabis employment.

Cannabis Operations Expenditures
Based on the approved FY 2021-22 City budget and supplemental information provided by City staff, approximately $5.5 million in annual City General Fund expenditures are attributable directly to cannabis related employment. These expenditures include funding for the Office of Cannabis Management and all other cannabis related City employment FTEs. Consistent with the allocation of business operating taxes between business groups, direct cannabis operational expenditures are attributed to each business group based on the proportional share of economic activity generated by each business group, as shown on Table A-10.

Economic Impact Analysis: Detailed Findings and Assumptions The following section provides the detailed results of the economic impact analysis, as well as the assumptions used to calculate each impact.

Economic Impacts of Annual Cannabis Operations
To estimate the economic activity resulting from the cannabis operations, this Analysis estimates the ongoing economic impacts occurring annually as a result of cannabis operations in the local economy, defined as Sacramento County for the economic impact analysis. Ongoing economic impacts capture the direct, indirect, and induced impacts generated by cannabis activity, including direct operational expenditures, employee wages, and employee household spending. While the local economy for the economic impact analysis is defined as Sacramento County, due to the location of cannabis businesses in the City, it can be assumed that all direct impacts occur within the City and the majority of indirect and induced impacts would similarly occur in the City.

Impacts associated with these economic activities are estimated for each of the major business groups, including cultivation, manufacturing, distribution, retail, and delivery, based on employment estimates for each group. As shown on Table A-2 employment
levels are estimated based on an assumed square foot per employee assumption applied

Appendix A
A-8 Economic & Planning Systems, Inc. (EPS)
to the total square footage of cannabis businesses for each business group. As described previously, the total square footage of cannabis businesses included in the study is based on the building square footages included on business permit applications for cannabis businesses. To arrive at a full time equivalent employee estimate for cannabis businesses, a building square foot per employee assumption was developed based on preliminary data provided by the City pertaining to a survey of cannabis business, adjusted based on EPS knowledge of data pertaining to similar land uses within the greater Sacramento region. The City data provided an estimate of full and part time employees for assorted cannabis businesses. To estimate the full time equivalent employees, this study assumes all part time employees are one half of a full time employee. As shown, cannabis operations are estimated to support approximately 8,000 full time equivalent employees in the City.

A detailed summary of the estimated economic impacts of each business groups are described below and summarized in Tables A-13 through A-18 of this appendix Economic Impacts of A ll Cannabis Business
Groups
Table A-13 summarizes the total combined estimated annual impacts associated with all cannabis business group operations. The resulting impacts are described below:
 Annual Output. Cannabis operations are estimated to generate approximately $1.5 billion in direct industry output annually. Local business to business expenditures result in approximately $437.4 million in indirect industry output impacts and employee household spending results in $308.8 million in induced impacts annually for a total industry output impact of $2.2 billion on an annual basis.  Employee Compensation. Of the $1.5 billion in direct industry output reported above, approximately $357.1 million is received by employees in the form of salary, wages, and benefits. Indirect and induced employee compensation impacts total approximately $249.2 million for a total annual employee compensation impact of approximately $606.3 million.
 Annual Employment. Cannabis operations are estimated to employ approximately 8,000 direct FTEs and support 2,600 indirect jobs, and 1,800 induced jobs annually for a total employment impact of approximately 12,400 jobs on an annual basis.

Economic Impacts of Cu ltivation Activities
Table A-14 summarizes the total estimated annual impacts associated with cultivation operations. The resulting impacts are described below:
 Annual Output. Cultivation operations are estimated to generate approximately $1.1 billion in direct industry output annually. Local business to business expenditures result in approximately $254.0 million in indirect industry output impacts and

Appendix A
Economic & Planning Systems, Inc. (EPS) A-9
employee household spending results in $200.1 million in induced impacts annually for a total industry output impact of $1.6 billion on an annual basis.  Employee Compensation. Of the $1.1 billion in direct industry output reported above, approximately $238.2 million is received by employees employed by cultivation operations in the form of salary, wages, and benefits. Indirect and induced employee compensation impacts total approximately $152.4 million for a total annual employee compensation impact of approximately $390.6 million.  Annual Employment. Cultivation operations are estimated to employ approximately 4,200 direct FTEs and support 1,600 indirect jobs, and 1,200 induced jobs annually for a total employment impact of approximately 7,000 jobs on an annual basis.

Economic Impacts of Manufacturing
Activities
Table A-15 summarizes the total estimated annual impacts associated with manufacturing operations. The resulting impacts are described below:
 Annual Output. Manufacturing operations are estimated to generate approximately $159.1 million in direct industry output annually. Local business to business expenditures result in approximately $59.1 million in indirect industry output impacts and employee household spending results in $20.2 million in induced impacts annually for a total industry output impact of $238.3 million on an annual basis.  Employee Compensation. Of the $159.1 million in direct industry output reported above, approximately $12.0 million is received by employees employed by manufacturing operations in the form of salary, wages, and benefits. Indirect and induced employee compensation impacts total approximately $28.7 million for a total annual employee compensation impact of approximately $40.7 million.  Annual Employment. Manufacturing operations are estimated to employ approximately 500 direct FTEs and support 300 indirect jobs, and 100 induced jobs annually for a total employment impact of approximately 900 jobs on an annual basis.

Economic Impacts of Di stribution Activities
Table A-16 summarizes the total estimated annual impacts associated with distribution operations. The resulting impacts are described below:
 Annual Output. Distribution operations are estimated to generate approximately $114.2 million in direct industry output annually. Local business to business expenditures result in approximately $75.0 million in indirect industry output impacts and employee household spending results in $40.6 million in induced impacts annually for a total industry output impact of $229.8 million on an annual basis.

Appendix A
A-10 Economic & Planning Systems, Inc. (EPS)
 Employee Compensation. Of the $114.2 million in direct industry output reported above, approximately $46.5 million is received by employees employed by distribution operations in the form of salary, wages, and benefits. Indirect and induced employee compensation impacts total approximately $36.8 million for a total annual employee compensation impact of approximately $229.8 million.  Annual Employment. Distribution operations are estimated to employ approximately 1,400 direct FTEs and support 400 indirect jobs, and 200 induced jobs annually for a total employment impact of approximately 2,000 jobs on an annual basis.

Economic Impacts of Retail Activities
Table A-17 summarizes the total estimated annual impacts associated with retail operations. The resulting impacts are described below:
 Annual Output. Retail operations are estimated to generate approximately $43.7 million in direct industry output annually. Local business to business expenditures result in approximately $18.1 million in indirect industry output impacts and employee household spending results in $17.4 million in induced impacts annually for a total industry output impact of $79.2 million on an annual basis.  Employee Compensation. Of the $43.7 million in direct industry output reported above, approximately $22.2 million is received by employees employed by retail operations in the form of salary, wages, and benefits. Indirect and induced employee compensation impacts total approximately $11.5 million for a total annual employee compensation impact of approximately $33.8 million.
 Annual Employment. Retail operations are estimated to employ approximately 700 direct FTEs and support 100 indirect jobs, and 100 induced jobs annually for a total employment impact of approximately 900 jobs on an annual basis.

Economic Impacts of Delivery Activities
Table A-18 summarizes the total estimated annual impacts associated with delivery operations. The resulting impacts are described below:
 Annual Output. Delivery operations are estimated to generate approximately $74.9 million in direct industry output annually. Local business to business expenditures result in approximately $31.1 million in indirect industry output impacts and employee household spending results in $29.8 million in induced impacts annually for a total industry output impact of $135.8 million on an annual basis  Employee Compensation. Of the $74.9 million in direct industry output reported above, approximately $38.1 million is received by employees employed by delivery operations in the form of salary, wages, and benefits. Indirect and induced employee

Appendix A
Economic & Planning Systems, Inc. (EPS) A-11
compensation impacts total approximately $19.8 million for a total annual employee compensation impact of approximately $57.9 million.
 Annual Employment. Delivery operations are estimated to employ approximately 1,200direct FTEs and support 200 indirect jobs, and 200 induced jobs annually for a total employment impact of approximately 1,600 jobs on an annual basis.

Table A-1
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
General Assumptions
Item Assumption
General Assumptions
Base Fiscal Year [1] FY 2021-22
General Demographic Characteristics
City of Sacramento
Population [2] 515,673
Employees [3] 367,400
Persons Served [4] 699,373
gen assumps
[1] This Fiscal Impact Analysis is based on the City of Sacramento's FY 2019-20 Approved Budget. [2] California Department of Finance estimate for January 1, 2019. [4] "Persons Served" is defined as City of Sacramento's population plus 50% of employees. [3] US Census Onthemap.ces.census.gov estimated a total of 318,363 jobs in Sacramento, CA in 2017.

California EDD reports an annual average growth rate of 4.91% since 2017 for the Sacramento MSA. EPS escal
ated 2017 employment figure to arrive at 2020 employment estimate, adjusted by an additional 10% to account for self-employed workers, and rounded to the nearest hundred employees.

Source: California Department of Finance; US Census Bureau, OnTheMap, and LEHD Origin Destination Employment Statistics; California EDD; EPS.

Prepared by EPS 212060 FIA 02.17.22 2/23/2022
A-12

Table A-2
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Cannabis Business Group Estimated Square Footage and Employment Item Cultivation Manufacturing Distribution Retail Delivery Total Building Square Footages
Active Cannibis Business Licenses 70 39 99 29 58 295
Building Square Footage 1,583,999 205,793 204,440 106,394 121,607 2,222,233 Employment Estimates
Square Feet per Full Time Employee (FTE) [1] 375 450 150 150 100 Estimated Employee FTE's 4,224 457 1,363 709 1,216 7,970 Source: City of Sacramento; EPS.

Total Cannabis Land Uses and Employment by Business Group [1] Square feet per employee assumptions are based on intial data provided by the Office of Cannabis Research pertaining to a survey of local cannabis businesses within the City.

Prepared by EPS 2/23/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\FIA&EIA\212060 FIA 02.17.22 A-13

Table A-3
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Project Assumptions
Land Use Category Cultivation Manufacturing Distribution Retail Delivery Square Feet per Employment FTE [1] 375 450 150 150 100
Property Turnover Rate 5% 5% 5% 5% 5%
Assessed Value per Square Foot
Secured Value [2] $150 $150 $150 $250 $250
Unsecured Value [2] $50 $50 $0 $0 $0
Total Value per Square Foot $200 $200 $150 $250 $250
Assumps
Source: City of Sacramento; EPS.
[2] Assessed value assumptions are based on industry standard average valuations for similar uses in the City and surrounding region.

Land Use Assumptions
[1] Square feet per employee assumptions are based on intial data averages provided by the Office of Cannabis research pertaining to a survey of local cannabis businesses within the City, rounded.

Prepared by EPS 2/23/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\FIA&EIA\212060 FIA 02.17.22 A-14

Table A-4
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Revenue-Estimating Procedures (2021$)
City of Sacramento Adjusted
Estimating Reference Approved FY 2021-22 Offsetting Net FY 2021-22 Service Revenue Item Procedure Table [1] Revenues (Rounded) Revenues [2] Revenues Population Multiplier Annual General Fund Revenues
Taxes
Property Tax Case Study Table A-6 $137,699,000 $0 $137,699,000 33.5% 0.0% NA NA Property Tax in lieu of VLF [4] Case Study Table A-6 $53,363,000 $0 $53,363,000 13.0% 0.0% NA NA Real Property Transfer Tax Case Study Table A-7 $12,659,000 $0 $12,659,000 3.1% 0.0% NA NA Sales Tax Case Study Table A-8 $96,411,000 $0 $96,411,000 23.5% 0.0% NA NA Sales Tax - Prop. 172 (Public Safety) Case Study Table A-8 $5,640,000 $0 $5,640,000 1.4% 0.0% NA NA Transient Occupancy Tax (TOT) Per Person Served Table B-6 $3,743,000 $0 $3,743,000 0.9% 50.0% 688,422 $2.72 Utility Taxes Per Person Served Table A-5 $61,594,000 $0 $61,594,000 15.0% 50.0% 699,373 $44.04 Business Operations Tax - Cannabis Case Study [5] Table A-9 $20,651,000 $0 $20,651,000 5.0% 0.0% NA NA Business Operations Tax - Other Per Employee Table A-5 $7,509,000 $0 $7,509,000 1.8% 50.0% 367,400 $10.22 Residential Development Property Tax [6] NA $368,000 $0 $368,000 0.1% 0.0% NA NA Subtotal Taxes $399,637,000 $0 $399,637,000 97.2%
Licenses and Permits
Franchise Fees Per Person Served Table A-5 $4,331,000 $0 $4,331,000 1.1% 50.0% 699,373 $3.10 Cannabis Related Business Permit Fees [5] Table A-5 $3,178,000 $0 Other Licenses & Permits Per Person Served Table A-5 $27,488,000 $27,488,000 $0 0.0% 50.0% 699,373 $0.00 Subtotal Licenses and Permits $34,997,000 $27,488,000 $4,331,000 1.1% Fines and Forfeitures Per Person Served Table A-5 $7,029,000 $0 $7,029,000 1.7% 0.0% 699,373 $10.05 Use of Money (Interest, Rents, and Concessions) [7] NA $2,854,000 $2,854,000 $0 0.0% 0.0% NA NA Intergovernmental Revenue [7] NA $14,205,000 $14,205,000 $0 0.0% 0.0% NA NA Charges for Services [7] NA $59,935,000 $59,935,000 $0 0.0% 0.0% NA NA Miscellaneous Revenues [7] NA $780,000 $780,000 $0 0.0% 0.0% NA NA Contributions From Other Funds
Enterprise Funds/General Tax [7] NA $31,303,000 $31,303,000 $0 0.0% 0.0% NA NA In-lieu Franchise Fee [7] NA $2,154,000 $2,154,000 $0 0.0% 0.0% NA NA In-lieu Property Tax [7] NA $700,000 $700,000 $0 0.0% 0.0% NA NA Investment Fees [7] NA $2,850,000 $2,850,000 $0 0.0% 0.0% NA NA Subtotal Contributions From Other Funds $37,007,000 $37,007,000 $0 0.0% Total Annual General Fund Revenues [8] $556,444,000 $142,269,000 $410,997,000 100.0% rev pro
Source: City of Sacramento FY 2019-20 Approved Budget; California Office of the Controller; California Department of Finance; EPS. [1] Refers to table with detailed revenue calculations. [3] Adjustment factor accounts for the unpredictable ebbs and flows of this revenue source. As a conservative approach to prevent potentially overestimating revenues, this analysis discounts revenues by 50%. [4] Property Tax in lieu of Motor Vehicle License Fees is authorized by SB 1096 as amended by AB 2115. [5] The entirety of revenues from this revenue item is attributable to cannabis operations. [6] This revenue source is not expected to be directly affected by cannabis operations and therefore is not evaluated in this analysis. [7] This revenue source is based on cost recovery or transfers from another fund and is therefore not evaluated in this analysis (see footnote [2] above). [8] Excludes funding for General Fund Capital Improvement expenditures. [2] Revenues are adjusted by user fees and cost recovery amounts shown in the City's FY 2021-22 Budget. These deductions from ongoing revenues also are deducted from ongoing costs, as shown in Table C-1. If Offsetting Revenues exceeds Revenues then Adjusted Net Revenues equal $0. % of
Total
Adjustment
Factor [3]
Prepared by EPS 2/23/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\FIA&EIA\212060 FIA 02.17.22 A-15

Table A-5
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Estimated Annual Project Revenues (2021$)
% of Total
Revenues Cultivation Manufacturing Distribution Retail Delivery Total at Buildout Annual General Fund Revenues
Taxes
Property Tax Table A-6 $715,968 $93,018 $69,305 $60,112 $68,708 $1,007,112 3.1% Property Tax in lieu of VLF Table A-6 $332,965 $43,259 $32,231 $27,956 $31,953 $468,363 1.5% Real Property Transfer Tax Table A-7 $43,560 $5,659 $4,217 $3,657 $4,180 $61,273 0.2% Sales Tax Table A-8 $76,032 $8,232 $24,533 $2,082,372 $662,920 $2,854,088 8.9% Sales Tax - Measure U Table A-8 $76,032 $8,232 $24,533 $2,082,372 $662,920 $2,854,088 8.9% Sales Tax - Prop. 172 (Public Safety) Table A-8 $4,448 $482 $1,435 $121,818 $38,781 $166,963 0.5% Transient Occupancy Tax (TOT) Table A-4 $5,742 $622 $1,853 $964 $1,653 $10,833 0.0% Utility Taxes Table A-4 $93,002 $10,069 $30,009 $15,617 $26,775 $175,472 0.5% Business Operations Tax - Cannabis Table A-9 $3,617,272 $813,865 $4,845,932 $8,703,268 $2,670,662 $20,651,000 64.3% Business Operations Tax - Other Table A-4 $43,165 $4,673 $13,928 $7,248 $12,427 $81,442 0.3% Residential Development Property Tax NA $0 $0 $0 $0 $0 $0 0.0% Subtotal Taxes $5,008,186 $988,111 $5,047,975 $13,105,384 $4,180,979 $28,330,634 88.3% Licenses and Permits
Franchise Fees Table A-4 $6,539 $708 $2,110 $1,098 $1,883 $12,338 0.0% Cannabis Related Business Permit Fees Table A-4 $1,434,444 $250,749 $723,730 $714,114 $589,963 $3,713,000 Subtotal Licenses and Permits $1,440,983 $251,457 $725,840 $715,212 $591,845 $3,725,338 11.6% Fines and Forfetitures Table A-4 $21,227 $2,298 $6,849 $3,564 $6,111 $40,049 Total Annual Gen. Fund Revenues (rounded) $6,470,000 $1,242,000 $5,781,000 $13,824,000 $4,779,000 $32,096,000 100.0% Neighborhood Responsibility Plan Fee Table A-9 $904,318 $203,466 $1,211,483 $2,175,817 $667,666 $5,162,750 revenues
Source: EPS.

Reference
Table
Annual Net Revenues
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Table A-6
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Estimated Annual Property Tax Revenues (2021$)
Item Formula Cultivation Manufacturing Distribution Retail Delivery Total Property Tax Revenue (1% of Assessed Value)
Assessed Valuation [1] Table A-12 a $316,799,871 $41,158,519 $30,666,065 $26,598,405 $30,401,750 $445,624,609 Property Tax Revenue (1% of Assessed Value) 1.00% b = a * 1.00% $3,167,999 $411,585 $306,661 $265,984 $304,018 $4,456,246 Estimated Property Tax Allocation
City General Fund [2] 22.60% c = b * 22.60% $715,968 $93,018 $69,305 $60,112 $68,708 $1,007,112 Other Agencies/ERAF 77.40% f = b * 77.40% $2,452,031 $318,567 $237,355 $205,872 $235,310 $3,449,134 Property Tax In-Lieu of Motor Vehicle In-Lieu Fee Revenue (VLF) Total Citywide Assessed Value [3] $50,772,282,921 h
Total Assessed Value of Project i $316,799,871 $41,158,519 $30,666,065 $26,598,405 $30,401,750 $445,624,609 Percentage of Citywide AV j = i / h 0.62% 0.08% 0.06% 0.05% 0.06% 0.88% Property Tax In-Lieu of VLF [4] $53,363,000 k = j * $53,363,000 $332,965 $43,259 $32,231 $27,956 $31,953 $468,363 prop tax
Source: Sacramento County Office of the Assessor; City of Sacramento Finance Department; EPS. [1]
[2]
[3] Reflects Final FY 2021-22 Assessed Valuation. Includes Citywide secured, unsecured, homeowner exemption, and public utility roll. [4] Property tax in-lieu of VLF amount of $53.4 million taken from FY 2021-22 Approved City Budget. See Table B-1.

Estimated Annual Property Tax Revenues
The allocation of the 1% property tax rate apportioned to the City of Sacramento is an estimated citywide average allocation and includes a shift to the Educational Revenue Augmentation Fund.

Assumption/
Source
Refer to Table A-12 for details.

Property Tax
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Table A-7
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Real Property Transfer Tax (2021$)
Assumptions/
Item Sources Cultivation Manufacturing Distribution Retail Delivery Total Rate per $1,000 of AV [1] $2.75
Property Turnover Rate [2] Table A-3 5% 5% 5% 5% 5%
Assessed Value [3] Table A-12 $316,799,871 $41,158,519 $30,666,065 $26,598,405 $30,401,750 $445,624,609 Total Annual Transfer Tax Revenue $43,560 $5,659 $4,217 $3,657 $4,180 $61,273 transfer
Source: Sacramento County Recorder-Clerk; EPS.
[1]
[2] Property is anticipated to turn over once every 20 years. [3]
Real Property
Transfer Tax Revenue
The rate of $2.75 per $1,000 of AV is for the City of Sacramento only and excludes the County of Sacramento rate of $0.55 per $1,000 of AV.

Annual Property Transfer Tax Revenues
Property transfer tax is estimated based on the total assessed value and assumes any unsecured property will transfer with the sale of the building. Refer to Table A-12 for details.

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Table A-8
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Estimated Annual Taxable Sales and Use Tax Revenue (2021$) Item Formula Cultivation Manufacturing Distribution Retail Delivery Total Estimated Annual Taxable Sales
Annual Taxable Sales from Employee Spending a Table A-8A $7,603,197 $823,170 $2,453,285 $1,276,723 $2,188,926 $14,345,302 Taxable Sales from Retail Activity [1] b Table A-8B $0 $0 $0 $206,960,469 $64,103,066 $271,063,535 Total Annual Taxable Sales c = a + b $7,603,197 $823,170 $2,453,285 $208,237,192 $66,291,992 $285,408,836 Annual Sales Tax Revenue to City
Bradley Burns Sales Tax Rate [2] d = c * 1.000% 1.0000% $76,032 $8,232 $24,533 $2,082,372 $662,920 $2,854,088 Measure U Citywide Transaction Tax Rate [3] e = c * 1.000% 1.0000% $76,032 $8,232 $24,533 $2,082,372 $662,920 $2,854,088 Total Sales Tax Rate g 2.0000%
Annual Sales Tax from Employee Spending h = a * (d + e) $152,064 $16,463 $49,066 $25,534 $43,779 $286,906 Annual Sales Tax from Retail Activity i = b * h $0 $0 $0 $4,139,209 $1,282,061 $5,421,271 Total j = h + i $152,064 $16,463 $49,066 $4,164,744 $1,325,840 $5,708,177 Gross Prop 172 Public Safety Sales Tax Revenue [4] k = c * 0.0585% 0.0585% $4,448 $482 $1,435 $121,818 $38,781 $166,963 sales tax
Source: California State Board of Equalization; City of Sacramento Finance Department; EPS. [1] Includes retail activity from both store and home delivery activity. [2] The City of Sacramento is allocated a full 1.0000% of the Uniform Local Sales Tax. [3]
[4]
Sales Tax
Revenue
The City of Sacramento receives approximately $.000627 for every $1 generated by the Public Safety Sales Tax authorized by Proposition 172. This is estimated by taking the 2020-21 Budget amount for Prop. 172 divided by the total Sales Tax from Table A-4.

In 2012, Measure U was approved by voters as a temporary, supplemental, half-cent transaction and use tax rate. In November 2018, Sacramento voters approved a new version of Measure U, extending the tax rate in perpetuity and raising it from a half-cent to a full-cent rate, effective April 1, 2019. This analysis estimates revenues and Measure U-funded expenditures generated by the full one cent tax rate.

Estimated Sales Tax RevenueSource/
Assumptions
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Table A-8A
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Estimated Annual Taxable Sales from New Employees (2021$) Item Cultivation Manufacturing Distribution Retail Delivery Total Annual Taxable Sales from New Employees
New Employees
Average Daily Taxable Sales per Employee $10.00
Work Days per Year 240
Total Project Employees at Buildout Table A-2 4,224 457 1,363 709 1,216 7,970 Total Taxable Sales from New Employees $10,137,596 $1,097,560 $3,271,047 $1,702,298 $2,918,568 $19,127,069 Estimated Citywide Capture from New Employees [1] 75% $7,603,197 $823,170 $2,453,285 $1,276,723 $2,188,926 $14,345,302 employee spend
[1] Capture rate estimated by EPS.

Assumptions /
Source
Source: U.S. Department of Labor, Bureau of Labor Statistics; City of Sacramento; EPS.

Taxable Sales from Employee Spending
Sales Tax
Revenue
- Market Support
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Table A-8B
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Estimated Annual Taxable Sales from Retail Activity (2021$) Item Assumption
Annual Taxable Sales
FY 2020-21 Business Operating Tax for Retail Sales [1]
Adult Use Revenue $10,842,541
Medical Use Revenue $791,673
Total FY 2020-21 Business Operating Tax for Retail Sales $11,634,215 City Business Operating Tax Rate 4%
Estimated Retail Sales
Adult Use Revenue $271,063,535
Medical Use Revenue $19,791,833
Total Estimated Retail Sales $290,855,368
Estimated Taxable Retail Sales
Adult Use Revenue $271,063,535
Medical Use Revenue [2] $0
Total Estimated Taxable Retail Sales $271,063,535
Percentage Storefront and Delivery (Adult Use Sales)
Storefront Retail Taxable Sales 76% $206,960,469
Delivery Taxable Sales 24% $64,103,066
Total Estimated Taxable Retail Sales $271,063,535
retail sales
Sales Tax
Revenue
- Retail Sales
Annual
Taxable Sales from
Retail Activity
Source: City of Sacramento; EPS.
[1] Reflect FY 2020-21 business operating taxes paid by cannabis business related to retail sale of cannabis for adult use and medical use as provided by the City of Sacr
amento. Includes storefront and delivery sales. This analysis assumes Fiscal Year 2021-22 sales will be consistent with receipts from the previous year. [2] Medical use sales are required to be considered in estimating business operation taxes paid to the City, but are not eligible for sales tax.

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Table A-9
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Cannabis Business Operations Tax (2021$)
Item Cultivation Manufacturing Distribution Retail Delivery Total Fiscal Year 2020/21 Business Operations Tax
Annual Revenues [1] $4,244,347 $954,954 $5,686,002 $10,212,029 $3,133,637 $24,230,969 Percent of Total 18% 4% 23% 42% 13% 100%
Fiscal Year 2021/22 Business Operations Tax [2] $3,617,272 $813,865 $4,845,932 $8,703,268 $2,670,662 $20,651,000 Neighborhood Responsibility Plan Fee [3] $904,318 $203,466 $1,211,483 $2,175,817 $667,666 $5,162,750 transfer
Source: Sacramento County Recorder-Clerk; EPS.
[1]
[2]
[3]
Annual Business Operations Tax
Business operating tax revenues generated by business groups provided by the City of Sacramento. Taxes attributable to microbusinesses have been allocated to other uses proprtional to the size of each business group in the City.

Fiscal year 2021-22 tax revenue estimate based on the approved Fiscal Year 2021-22 Approved Budget for cannabis business operations taxes allocated based on the proportional share of revenues from each business group in the previous year.

Business Operations Tax -
Cannabis
The neighborhood responsibility fee is a 1 percent fee applied to all cannabis activity agreed to as a condition of conditional use permitting. The neighborhood responsibility fee is collected outside of the City General Fund. This analysis estimates the local neighborhood responsibility fee based by applying the 1 percent rate to the all activity generated in each business group. While not commonly enacted, this tax can be paid through in kind activities. This analysis does not assume any in lieu activity is completed.

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Table A-10
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Expenditure-Estimating Procedures (2021$)
City of Sacramento
Approved FY 2021-22 Adjusted
Estimating Reference Expenditures Offsetting Net FY 2021-22 Service FY 2021-22 Adjustment Cost Category Procedure Table [1] (Rounded) Revenues [2] Expenditures Population Avg. Cost Factor [3] Multiplier Formula a b c = a - b d e = c / d f g = e * f
Annual General Fund Expenditures
General Government
Mayor/Council Per Person Served Table A-11 $4,930,917 $0 $4,930,917 0.9% City Manager - General Operations Per Person Served Table A-11 $5,808,464 $0 $5,808,464 1.1% City Attorney Per Person Served Table A-11 $8,088,179 $52,000 $8,036,179 1.5% City Auditor Per Person Served Table A-11 $1,006,603 $0 $1,006,603 0.2% City Clerk Per Person Served Table A-11 $2,224,706 $52,000 $2,172,706 0.4% City Treasurer Per Person Served Table A-11 $1,999,862 $3,496,000 $0 0.0% Finance Per Person Served Table A-11 $8,209,262 $820,000 $7,389,262 1.4% Information Technology Per Person Served Table A-11 $15,516,190 $0 $15,516,190 2.9% Human Resources Per Person Served Table A-11 $4,341,932 $0 $4,341,932 0.8% Subtotal General Government $52,126,115 $4,420,000 $49,202,253 9.2% General Government Cannabis Operations [6] [4] $3,486,200 $0 $3,486,200 0.7% NA NA NA NA Subtotal Government (Non-Cannabis Operations) Per Person Served $48,639,915 $4,420,000 $45,716,053 8.6% 699,373 $65.37 50% $32.68 Convention and Cultural Services Per Capita Table A-11 $1,309,212 $923,000 $386,212 0.1% 515,673 $0.75 50% $0.37 Utilities Per Person Served Table A-11 $122,410 $0 $122,410 0.0% 699,373 $0.18 50% $0.09 Police [7] Per Person Served Table A-11 $205,080,406 $0 $205,080,406 38.5% 699,373 $293.23 100% $293.23 Police - Cannabis Operations [4] Table A-11 $1,260,292 $0 $1,260,292 0.2% NA NA NA NA Fire [7] Per Person Served Table A-11 $158,259,697 $0 $158,259,697 29.7% 699,373 $226.29 100% $226.29 Fire - Cannabis Operations [4] Table A-11 $79,500 $0 $79,500 0.0% NA NA NA NA Youth, Parks, and Community Enrichment [5] NA $1,562,715 $5,018,000 $0 0.0% NA NA NA NA Debt Service [5] NA $16,431,090 $0 $16,431,090 3.1% NA NA NA NA Citywide and Community Support Per Capita Table A-11 $60,358,871 $40,525,000 $19,833,871 3.7% 515,673 $38.46 90% $34.62 Community Development [7] Per Person Served Table A-11 $31,529,203 $0 $31,529,203 5.9% 699,373 $45.08 90% $40.57 Community Development - Cannabis Operations [4] Table A-11 $669,100 $0 $669,100 0.1% NA NA NA NA Public Works Per Person Served Table A-11 $22,224,170 $23,124,000 $0 0.0% 699,373 $0.00 90% $0.00 Total Annual General Fund Expenditures [8] $551,012,781 $74,010,000 $482,854,034 100.0% Total General Operations Expenditure Multipliers
Per Person Served Table A-11 $440,707,769 91.3% 699,373 $630.15 94% $592.87 Per Capita Table A-11 $20,220,083 4.2% 515,673 $39.21 89% $34.99 Total Cannabis Operations $5,495,092 1.1% NA NA NA NA
exp pro
Source: City of Sacramento FY 2021-22 Approved Budget; EPS. [1] Refers to table with expenditure category calculation. [2] Revenues are adjusted by user fees and cost recovery amounts shown in the City's FY 2020-21 Budget. These deductions in ongoing expenditures also are deducted from ongoing revenues, as shown in Table B-1.

If Offsetting Revenues (b) exceeds Expenditures (a) then Adjusted Net Expenditures (c) equals $0. [5] Thi
s expenditure category is not expected to be affected by cannabis operations and is not evaluated in this analysis. [6] General government cannabis operations allocation includes expenditures related to cannabis management, city attorney, finance, auditor, and community outreach and education. [8] Excludes General Fund Capital Improvement expenditures. % of Total
[3] Adjustment factors account for fixed costs and expenditures that do not grow and change as new development occurs within the City. [4] This expenditure category is fully attributable to cannabis operations and allocated to business groups on Table A-9. [7] Reflects the portion of departmental expenditures not directly attributable to cannabis operations.

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Table A-11
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Estimated Annual Project Expenditures (2020$)
% of Total
Expense Category Cultivation Manufacturing Distribution Retail Delivery Total at Buildout Cannabis Operations Assumptions by Business Group
Total Employees Table A-2 4,224 457 1,363 709 1,216 7,970 Total Persons Served Table A-11 2,112 229 681 355 608 3,985 Share of Business Activity [1] Table A-9 18% 4% 23% 42% 13% 100% Annual General Fund Expenditures
General City Operations [2] Table A-10 $592.87 $1,252,136 $135,564 $404,020 $210,258 $360,484 $2,001,978 26.7% Cannabis Operations
Cannabis Management Table A-10 $247,889 $55,774 $332,089 $596,429 $183,019 $1,415,200 18.9% City Attorney Table A-10 $184,621 $41,539 $247,330 $444,203 $136,307 $1,054,000 14.1% Community Development Table A-10 $117,201 $26,370 $157,010 $281,989 $86,530 $669,100 8.9% Finance Table A-10 $17,674 $3,977 $23,677 $42,524 $13,049 $100,900 1.3% Fire Table A-10 $13,925 $3,133 $18,655 $33,505 $10,281 $79,500 1.1% Police Table A-10 $220,755 $49,669 $295,738 $531,144 $162,986 $1,260,292 16.8% Auditor Table A-10 $29,094 $6,546 $38,977 $70,002 $21,481 $166,100 2.2% Community Outreach and Education Table A-10 $131,372 $29,558 $175,994 $316,084 $96,993 $750,000 10.0% Total Cannabis Operations Expenditures $962,532 $216,564 $1,289,470 $2,315,881 $710,645 $5,495,092 73.3% Total Annual General Fund Expenditures $549,711 $123,682 $736,429 $1,322,622 $405,856 $7,497,070 100.0% expenditures
Source: EPS.
[1] Share of business activity based on the estmated proportional share of annual revenues for each business group as shown on Table A-9. [2] Represents all City General Fund operations assumed to be impacted by cannabis business operations in excess of City operations dedicated specifically to cannabis operations. Refer to Table A-10 for details.

Reference
Table
Annual Net ExpendituresPer Person
Served
Multiplier
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A-24

Table A-12
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Estimated Assessed Value of Cannabis Businesses within the City Item Cultivation Manufacturing Distribution Retail Delivery Total Building Square Footage 1,583,999 205,793 204,440 106,394 121,607 2,222,233 Estimated Assessed Value of Cannabis Uses
Assessed Value per Square Foot
Secured Value $150 $150 $150 $250 $250
Unsecured Value $50 $50 $0 $0 $0
Total Value per Square Foot $200 $200 $150 $250 $250
Estimated Assessed Value
Secured Value $237,599,903 $30,868,889 $30,666,065 $26,598,405 $30,401,750 $356,135,012 Unsecured Value $79,199,968 $10,289,630 $0 $0 $0 $89,489,597 Total Assessed Value $316,799,871 $41,158,519 $30,666,065 $26,598,405 $30,401,750 $445,624,609 av
Source: City of Sacramento; EPS.

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Table A-13
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Detailed Summary of Annual Economic Impacts of All Cannabis Activity (Rounded 2021$) Activity/Impact Categories Source Direct Indirect Induced Key Input
Ongoing Project Full Time Equivalent (FTE) Employees Table A-2 7,970 Annual Ongoing Operating Impacts
Sacramento County Output [1]
Industry Output (excl. Income) $1,130,140,000 $291,110,000 $205,900,000 $1,627,150,000 Income [2] $357,060,000 $146,280,000 $102,940,000 $606,280,000 Total Sacramento County Output $1,487,200,000 $437,390,000 $308,840,000 $2,233,430,000 Sacramento County Employment
(Annual Average) [3] 7,969 2,608 1,841 12,418
all eia
Source: IMPLAN, 2019 Dataset; City of Sacramento; EPS.
[2] Includes employee compensation, proprietors income, and other income (profits, rents, and royalties).

All Activity
Total
Annual
Ongoing
Impacts
Impact Type
[1] Analysis based on Sacramento County data. Output is the amount of business expenditures on goods and services retained within the local economy.
[3] Reflects stabilized operational employment. Employment includes both full-time and part-time workers.

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A-26

Table A-14
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Detailed Annual Economic Impacts of the Cultivation Activity (Rounded 2021$) Activity/Impact Categories Source Direct Indirect Induced Key Input
Ongoing Project Full Time Equivalent (FTE) Employees Table A-2 4,224 Annual Ongoing Operating Impacts
Sacramento County Output [1]
Industry Output (excl. Income) $857,210,000 $168,620,000 $133,910,000 $1,159,740,000 Income [2] $238,180,000 $85,420,000 $66,970,000 $390,570,000 Total Sacramento County Output $1,095,390,000 $254,040,000 $200,880,000 $1,550,310,000 Sacramento County Employment
(Annual Average) [3] 4,224 1,583 1,198 7,005
cultivation
Source: IMPLAN, 2019 Dataset; City of Sacramento; EPS.
[2] Includes employee compensation, proprietors income, and other income (profits, rents, and royalties).

Cultivation
Total
Annual
Ongoing
Impacts
Impact Type
[1] Analysis based on Sacramento County data. Output is the amount of business expenditures on goods and services retained within the local economy.
[3] Reflects stabilized operational employment. Employment includes both full-time and part-time workers.

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A-27

Table A-15
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Detailed Annual Economic Impacts of Manufacturing Activity (Rounded 2021$) Activity/Impact Categories Source Direct Indirect Induced Key Input
Ongoing Project Full Time Equivalent (FTE) Employees Table A-2 457 Annual Ongoing Operating Impacts
Sacramento County Output [1]
Industry Output (excl. Income) $147,050,000 $37,130,000 $13,450,000 $197,630,000 Income [2] $12,040,000 $21,960,000 $6,710,000 $40,710,000 Total Sacramento County Output $159,090,000 $59,090,000 $20,160,000 $238,340,000 Sacramento County Employment
(Annual Average) [3] 457 312 120 889
man
Source: IMPLAN, 2019 Dataset; City of Sacramento; EPS.
[2] Includes employee compensation, proprietors income, and other income (profits, rents, and royalties).

Manufacturing
Total
Annual
Ongoing
Impacts
Impact Type
[1] Analysis based on Sacramento County data. Output is the amount of business expenditures on goods and services retained within the local economy.
[3] Reflects stabilized operational employment. Employment includes both full-time and part-time workers.

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A-28

Table A-16
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Detailed Annual Economic Impacts of Distribution Activity (Rounded 2021$) Activity/Impact Categories Source Direct Indirect Induced Key Input
Ongoing Project Full Time Equivalent (FTE) Employees Table A-2 1,363 Annual Ongoing Operating Impacts
Sacramento County Output [1]
Industry Output (excl. Income) $67,710,000 $51,700,000 $27,050,000 $146,460,000 Income [2] $46,460,000 $23,320,000 $13,510,000 $83,290,000 Total Sacramento County Output $114,170,000 $75,020,000 $40,560,000 $229,750,000 Sacramento County Employment
(Annual Average) [3] 1,363 443 241 2,047
distribution
Source: IMPLAN, 2019 Dataset; City of Sacramento; EPS.
[2] Includes employee compensation, proprietors income, and other income (profits, rents, and royalties).

Distribution
Total
Annual
Ongoing
Impacts
Impact Type
[1] Analysis based on Sacramento County data. Output is the amount of business expenditures on goods and services retained within the local economy.
[3] Reflects stabilized operational employment. Employment includes both full-time and part-time workers.

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A-29

Table A-17
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Detailed Annual Economic Impacts of Retail Activity (Rounded 2021$) Activity/Impact Categories Source Direct Indirect Induced Key Input
Ongoing Project Full Time Equivalent (FTE) Employees Table A-2 709 Annual Ongoing Operating Impacts
Sacramento County Output [1]
Industry Output (excl. Income) $21,430,000 $12,400,000 $11,600,000 $45,430,000 Income [2] $22,240,000 $5,740,000 $5,800,000 $33,780,000 Total Sacramento County Output $43,670,000 $18,140,000 $17,400,000 $79,210,000 Sacramento County Employment
(Annual Average) [3] 709 99 104 912
retail
Source: IMPLAN, 2019 Dataset; City of Sacramento; EPS.
[2] Includes employee compensation, proprietors income, and other income (profits, rents, and royalties).

Retail
Total
Annual
Ongoing
Impacts
Impact Type
[1] Analysis based on Sacramento County data. Output is the amount of business expenditures on goods and services retained within the local economy.
[3] Reflects stabilized operational employment. Employment includes both full-time and part-time workers.

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A-30

Table A-18
City of Sacramento Cannabis Study
Fiscal and Economic Impact Analysis
Detailed Annual Economic Impacts of Delivery Activity (Rounded 2021$) Activity/Impact Categories Source Direct Indirect Induced Key Input
Ongoing Project Full Time Equivalent (FTE) Employees Table A-2 1,216 Annual Ongoing Operating Impacts
Sacramento County Output [1]
Industry Output (excl. Income) $36,740,000 $21,260,000 $19,890,000 $77,890,000 Income [2] $38,140,000 $9,840,000 $9,950,000 $57,930,000 Total Sacramento County Output $74,880,000 $31,100,000 $29,840,000 $135,820,000 Sacramento County Employment
(Annual Average) [3] 1,216 171 178 1,565
delivery
Source: IMPLAN, 2019 Dataset; City of Sacramento; EPS.
[2] Includes employee compensation, proprietors income, and other income (profits, rents, and royalties).

Delivery
Total
Annual
Ongoing
Impacts
Impact Type
[1] Analysis based on Sacramento County data. Output is the amount of business expenditures on goods and services retained within the local economy.
[3] Reflects stabilized operational employment. Employment includes both full-time and part-time workers.

Prepared by EPS 212060 FIA 02.17.22 2/23/2022
A-31

Appendix A
A-32 Economic & Planning Systems, Inc. (EPS)

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APPENDIX B:

Initiatives in Other States

Appendix B
Economic & Planning Systems, Inc. (EPS) B-1
Initiatives in Other States
Highlights of recent state legalization efforts that have prioritized social equity at the front end of their legalization regulation efforts regarding ownership, taxation, and spending are summarized below for New York, Illinois, and Connecticut.

New York
 Retailers, microbusinesses, and delivery licensees are allowed to deliver to consumers but cultivators are not. Only one delivery license per entity and no more than 25 full time employees.
 Sets a goal of 50% of licenses for equity applicants. Existing medical cannabis businesses can convert a maximum of three of their existing storefronts if they pay a one time fee to fund social and economic equity and incubator assistance.  Social consumption sites and delivery services are permitted.  Proposes a hybrid tax with both a potency based tax on distributors of 0.5 cents per milligram of THC flower, 0.8 cents per milligram of THC for concentrates and 3 cents per milligram of THC for edibles as well as a 9% state tax and a 4% local point of sale tax.
 Governor Kathy Hochul has pledged to create a $200 million public-private fund for social equity applicants looking to enter the adult-use cannabis marketplace in New York.
 Cities towns and villages may opt out of retail dispensaries or on-site consumption licenses by passing local laws up to nine months after the legislation.

Illinois
 Set license types to include retail dispensaries, infusers, transporters, craft growers with between 5,000 and 14,000 square feet of canopy, and cultivation centers growing up to 210,000 square feet of canopy space. Craft growers can also hold infuser and dispensary licenses in the same facility.
 Taxes include a 7% wholesale tax on cultivation centers and craft growers. Retail taxes are directly related to potency and will include a 10% tax on flower or products with less than 35% THC, 20% tax on infused and edible products, and a 25% tax on any product with a THC concentration higher than 35%. The state sales tax of 6.25% and local sales taxes of up to 3.5% also apply. The retail point of sale taxes will range from 19.55% to 34.75% not including the wholesale tax.

Appendix B
B-2 Economic & Planning Systems, Inc. (EPS)
 Tax revenues will be distributed with 2% going to public education and safety campaigns, 8% to local government funds for prevention and training of law enforcement, 25% to the Recover, Reinvest and Renew (R3) program. 3R grants will fund programs in Illinois communities that have been harmed by violence, excessive incarceration, and economic disinvestment and fund programs including civil legal aid, economic development, reentry, violence prevention, and youth development. 20% of the taxes will go to mental health services and substance abuse programs, 10% to pay unpaid bills, and 35% to the general fund.
 The social equity program provides for expungement of convictions, extra points in license applications for social equity applicants, as well as developing a $30 million cannabis business development fund to provide financial start up assistance. Local colleges will also be able to obtain licenses for training programs to help prepare residents for cannabis industry-related jobs. The Department of Agriculture and Community College board will create up to eight pilot programs to train students to work in the legal industry with at least five of the eight programs for schools in which at least 50% of the students are low income.

Connecticut
 The Department of Consumer Protection (DCP) will issue nine types of cannabis licenses: retailer, hybrid retailer (which sells both adult-use and medical cannabis), cultivator (which cultivate 15,000 square feet or more), micro-cultivator (which start between 2,000 and 10,000 square feet), product manufacturer, food and beverage manufacturer, product packager, delivery service, and transporter.  DCP must reserve 50% of the maximum number of applications that must be considered for eligible license types for social equity applicants. The vast majority of new licenses will be issued by lottery to provide an equal opportunity to all who qualify and avoid requiring large sums of money to apply.  The state will create $50 million in bonding for initial funding for start-up capital for social equity applicants, the cannabis business accelerator program, and workforce training developed by the Social Equity Council.
 Beginning on July 1, 2023, 60% to 75% of the cannabis excise tax revenue will be directed to the Social Equity and Innovation Fund. Social Equity and Innovation Fund money can be used to promote social equity in relation to access to capital for businesses, funding workforce education, and funding for community investments.  In addition to standard sales tax, the state imposes an excise tax based on potency at the point of retail sale. It exempts medical cannabis. The rate is: $0.00625 per milligram of THC in flower cannabis, $0.0275 per milligram of THC in edibles, and $0.009 per milligram of THC for other cannabis products.

Appendix B
Economic & Planning Systems, Inc. (EPS) B-3
 Until June 30, 2023, 100% of the excise tax would be directed to the General Fund.

Starting on July 1, 2023 and thereafter, 25% of the excise tax would go to the Prevention and Recovery Services Fund. From July 1, 2023 until June 30, 2026, 60% of the excise tax would go to the Social Equity and Innovation Fund. On July 1, 2026, that would increase to 65%. Beginning on July 1, 2028, it would increase again and would remain at 75%. The remainder of the tax (starting at 15%, ending at 0%) would go to the General Fund.
 The state imposes a 3% point-of-sale tax that goes to the host municipality for specific purposes, such as re-entry services, mental health or addiction services, youth services bureaus, and streetscape improvements near cannabis retailers.

Appendix B
B-4 Economic & Planning Systems, Inc. (EPS)

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APPENDIX C:

Comparison of Cannabis Land Use Regulations:

Sacramento, Oakland, Long Beach, Seattle

Sacramento Comprehensive Cannabis Study
Case Study: Land Use Regulations
City: Sacramento
Land Use Regulations
Cultivation
Distribution (Large Scale)
Manufacturing
Storefront Dispensary (Retail)
Non Storefront Delivery (Retail)
Microbusiness (Vertical Integration)
Testing Labs
Consumption lounges/alternate gathering venues Consumption lounges are currently not allowed. An illegal outdoor smoking gathering event called Club 1130 was shut down. There are a number of cannabis friendly hotels and B&Bs, but no recent evidence of private smoking clubs.

Use Permit Required, Zones C2, C4, M1, M1S, M2, M2S,
MIP, MRD, M-T.

Additional conditions: All uses are subject to Scacramento's buffer distances to sensitive receptors. No cannabis use can be permitted within 600 feet of K-12 Public and Private Schools other than Private Home Schools. Use must be approved by the planning and design commission where the production site is within 600 feet of: A park identified as a neighborhood park or community park in the city’s most recently adopted Parks and Recreation Master Plan; or a park not yet identified in the city’s most recently adopted Parks and Recreation Master Plan.

Cultivation and manufacturing uses are subject to a 1/2 mile proximity limitation the center of light rail platforms, and manufactures in certain zones are restricted to non-volitle extraction methods.

Within the area bounded by Power Inn Road to the west, Folsom Boulevard to the north, and the city limits to the east and south, there is a cap on cannabis production facilities totalling 2.5 million square feet.

Use Permit Required, Zones A, C2, C4, M1, M1S, M2, and
M2S, M-T. Class A < 5K, Class B < 10K, Class C < 22K
Use Permit Required, Zones C2, C4, M1, M1S, M2, and
M2S, MIP, MRD, M-T. Class D1- up to $5M, D2 - up to
$20M, D3 - over $20M
Use Permit Required, Zones C2, C4, M1, M1S, M2, M2S,
MIP, MRD, M-T. Class D1- up to $5M, D2 - up to $20M, D3 - over $20M
Use Permit Required, Zones C-2, C-4, M-1, M-1(S), M-2,
and M-2(S), M-T and SC
Use Permit Required, Zones C2, C4, M1, M1S, M2, and M2S Use Permit Required, Zones C2, C4, M1, M1S, M2, M2s,

MIP, MRD
Appendix C

Sacramento Comprehensive Cannabis Study
Case Study: Land Use Regulations
City: Oakland
Land Use Regulations
Cultivation
Distribution (Large Scale)
Manufacturing
Storefront Dispensary (Retail)
Non Storefront Delivery (Retail)
Microbusiness (Vertical Integration)
Testing Labs
Consumption lounges/alternate gathering venues
Dependent on what types of businesses are in the vertical integration.

Proposed cultivation, distribution, testing or transporting locations shall be in areas where "light manufacturing
industrial," "R&D," or their equivalent use, is permitted by right.

See Cultivation.

Manufacturing, packaging and infusion of cannabis products using nonvolatile solvents shall be in areas where "custom manufacturing industrial," or its equivalent use, is permitted by right.

Must be located in a commercial or industrial zone, or its equivalent as may be amended, of the City.

Must be located in a Commercial or Industrial Zone,
excluding the CN Neighborhood Center Commercial Zones
and the D-BV Broadway Valdez District Commercial Zones.

See Cultivation
Oakland allows existing dispensaries to apply for a second on-site consumption permit. Covid-19 regulations stopped all indoor smoking, and some businesses have failed. The historic Park theater has a dispensary operating and is preparing an entertainment, food and smoking venue.

Additional Conditions:

All uses are subject to Oakland's buffer distances to sensitive receptors. No cannabis use can be permitted within 600 feet of K-12 Public and Private Schools other than Private Home Schools. Cultivation, manufacturing and distribution can be associated with a dispensary provided the dispensary is located in a zone compatible with the other uses and they do not face a public retail street or impede retail activity.

There is little in the Oakland Municipal Code about additional buffers to sensitive receptors such as community centers, parks, and adult treatment centers.

Appendix C

Sacramento Comprehensive Cannabis Study
Case Study: Land Use Regulations
City: Long Beach
Land Use Regulations
Cultivation
Distribution (Large Scale)
Manufacturing
Storefront Dispensary (Retail)
Non Storefront Delivery (Retail)
Microbusiness (Vertical Integration)
Testing Labs
Consumption lounges/alternate gathering venues
Allowed in the commercial and light industrial zones and allowed with an AUP in the medium and general industrial zones.

Allowed in light and medium industrial zones, and with an administrative use permit (AUP) in general industrial areas, not allowed in residential, institutional, park, commercial and port zones.

Self-Distribution is an allowed use in the light, medium, and general industrial zones. Distribution is allowed with an AUP in the same 3 zones. Both are not allowed in all other zones.

Manufacturing is an allowed use in the light, medium, and general industrial zones. It is not allowed in all other zones.

Allowed in commercial and light industrial districts and with a conditional use permit (CUP) in the medium and light
industrial zones. They are not allowed in all other zones.

Recently approved a retail dispensary in a mixed use
building with residential in downtown. Staff is currently developing an ordinance for 8 new equity storefront
dispensaries.

Currently not allowed. Staff is developing an ordinance for non-storefront delivery based on feasibility study.

Dependent on what types of businesses in the vertical
integration.

The City of Long Beach does not allow smoking in any public venue or dispensaries.

Additional conditions: Long Beach is currently revising their instituted buffers from schools, beaches and other dispensaries (1,000 feet) as well as parks, daycares and libraries (600 feet). The City is looking to expand the green zone by reducing the school buffer to 600 feet, which is the distance required by state law, and eliminating the buffers for parks and beaches unless they have a playground.

Appendix C

Sacramento Comprehensive Cannabis Study
Case Study: Land Use Regulations
City: Seattle
Land Use Regulations
The ordinance does,however, impose a size limit on indoor agricultural operations in industrial areas, but this applies to all agricultural uses in industrial areas, not just marijuana production (§23.50.012, Table A, Note 14).

Additional conditions: In 2015, the City Council revised the State buffer requirements to include the following:

1. Any lot line of any major marijuana activity must be at least 1,000 feet from any elementary or secondary school, or playground.

2. Any lot line of any major marijuana activity including retail sales of marijuana products must be at least 500 feet from any child care, gaming arcade, library, public park, public transit station, or recreation center.

3. Any lot line of any major marijuana activity not including retail sales of marijuana products must be at least 250 feet from any child care, gaming arcade, library, public park, public transit station, or recreation center.

4. Any lot line of any major marijuana activity must be at least 350 feet from any other major marijuana activity and no more than 2 major marijuana activities can be within 1,000 feet of each other.

The Seattle Municipal Code Chapter 23.42.058 - Marijuana lays out the requirements for locating "major marijuana activity"
In 2013, the city amended its zoning ordinance to specify where larger-scale marijuana business activities could locate (§23.42.058). The specific activities include processing, selling, delivery, and the creation of marijuana-infused products and usable marijuana. While these activities are prohibited in residential, neighborhood commercial, certain downtown, and several historic preservation and other special- purpose districts, the zoning ordinance does not require a land-use permit to specifically conduct marijuana-related activities in industrial, most commercial, and a few downtown districts. For example, an applicant who wishes to open a marijuana retail store or an agricultural
application is required to get the applicable permit, but is not required to disclose that the use is marijuana related.

Appendix C

APPENDIX D:

Comparison of City of Sacramento and
State of California Cannabis Regulations

Appendix D
Comparison of Selected City of Sacramento and State of California Regulations

Definition of Reportable Ownership and Rights of Transference City of Sacramento
(5.150.050)
Cannabis business permits issued pursuant to
this chapter are not property and have no
value. Cannabis business permits may not be
transferred, sold, assigned or bequeathed
expressly or by operation by law. Any attempt
to directly or indirectly transfer a cannabis
business permit shall be unlawful and void, and
shall automatically revoke the permit. (Ord.
2017-0046 § 1)

State of California
The business may continue to operate under
the active license while the Department
reviews the qualifications of the new owner(s)
in accordance with the Act and these
regulations to determine whether the change
would constitute grounds for denial of the
license, if at least one existing owner is not
transferring his or her ownership interest and
will remain as an owner under the new
ownership structure. If all owners will be
transferring their ownership interest, the
business shall not operate under the new
ownership structure until a new license
application has been submitted to and
approved by the Department, and all
application and license fees for the new
application have been paid.

City of Sacramento
(5.150.055)
A. No person shall transfer, sell, assign, or
bequeath any ownership interest in any
storefront cannabis dispensary permittee to
another person. B. Any transfer, sale,
assignment, or bequest of any ownership
interest is unlawful and void. C. This section
remains in effect until May 11, 2022. (Ord.
2021-0028 § 1; Ord. 2020-0040 § 1; Ord.
2019-0041 § 2)

State of California
(A) A change in ownership occurs when a new
person meets the definition of owner in section
15003 of this division. (B) A change in
ownership does not occur when one or more
owners leave the business by transferring their
ownership interest to the other existing
owner(s). (2) In cases where one or more
owners leave the business by transferring
their ownership interest to the other existing
owner(s), the owner or owners that are
transferring their interest shall provide a
signed statement to the Department
confirming that they have transferred their
interest within 14 calendar days of the change.

Appendix D
Comparison of Selected City of Sacramento and State of California Regulations

Definition of Reportable Ownership and Rights of Transference (continued) City of Sacramento
(5.150.055)
A. A cannabis business shall provide the city with
names and addresses of all of the following
interested parties: 1. Person with an aggregate
ownership interest of 20% or more in the entity
engaging in the cannabis business, unless the
interest is solely a security, lien, or encumbrance.

2. The chief executive officer and the members of
the board of directors of the entity engaging in
the cannabis business. 3. The managers of the
cannabis business. 4. Person who delivers
cannabis or cannabis products for the cannabis
business. 5. Person who transports cannabis or
cannabis products for the cannabis business.

State of California
(a) An applicant for a commercial cannabis license
or a licensee shall disclose all financial interest
holders. A financial interest holder of the
commercial cannabis business includes all of
the following, except as provided in subsection (b):
(1) A person with an aggregate ownership
interest of less than 20 percent. (2) A person
providing a loan to the commercial cannabis
business. (3) A person entitled to receive 10
percent or more of the profits of the commercial
cannabis business, including: (A) An employee
who has entered into a profit share plan with the
commercial cannabis business. (B) A landlord who
has entered into a lease agreement with the
commercial cannabis business for a share of the
profits. (C) A consultant who is providing
services to the commercial cannabis business for a
share of the profits. (D) A person acting as
an agent, such as an accountant or attorney, for
the commercial cannabis business for a share of
the profits. (E) A broker who is engaging in
activities for the commercial cannabis business
for a share of the profits. (F) A salesperson who
earns a commission. (b) Financial interest
holders do not include any of the following: (1) A
bank or financial institution whose interest
constitutes a loan; (2) Persons whose only financial
interest in the commercial cannabis business is
through an interest in a diversified mutual fund,
blind trust, or similar instrument; (3) Persons
whose only financial interest is a security interest,
lien, or encumbrance on property that will be used
by the commercial cannabis business; and (4)
Persons who hold a share of stock that is less than
10 percent of the total shares in a publicly traded or
privately held company.

Appendix D
Comparison of Selected City of Sacramento and State of California Regulations

Maintaining Business Records
City of Sacramento

5.150.160
A. A cannabis business shall maintain the
following business records in printed format for
at least three years on the site and shall
produce them to the city within 24 hours after
receipt of the city’s request:

1. The name, address, and telephone numbers
of the owner and landlord of the property. 2.

The name, date of birth, address, and
telephone number of each manager and staff
of the cannabis business; the date each was
hired; and the nature of each manager’s and
staff’s participation in the cannabis business. 3.

A written accounting of all income and
expenditures of the cannabis business,
including, but not limited to, cash and in-kind
transactions. 4. A copy of the cannabis
business’ commercial general liability insurance
policy and all other insurance policies related
to the operation of the business. 5. A copy of
the cannabis business’ most recent year’s
financial statement and tax return. 6. An
inventory record documenting the dates and
amounts of cannabis received at
the site, the daily amounts of cannabis on the
site, and the daily amounts of cannabis sold,
distributed, and transported from the site. 7.

The name, address, and telephone numbers of
the owners and officers of the cannabis
business; and the nature of the ownership
interest in, and control of, the cannabis
business. B. A cannabis business shall report
any loss, damage, or destruction of these
records to the city manager within 24 hours of
the loss, damage, or destruction. (Ord. 2019-
0041 § 3; Ord. 2017-0046 § 1)

5.150.525 Delivery of cannabis.

H. A cannabis business shall maintain the
information described in subsection D for at
least three years on the site and shall produce
the information to the city upon request. (Ord.
2020-0004 § 17; Ord. 2019-0002 § 2; Ord.
2017-0002 § 2; Ord. 2017-0060 § 3)
State of California
(a) Licensees must keep and maintain records
in connection with the licensed commercial
cannabis business. Records must be kept for at
least seven years from the date of creation,
unless a shorter time is specified. Records
include, but are not limited to: (1) Financial
records including, but not limited to, bank
statements, sales invoices, receipts, tax
records, and all records required by the
California Department of Tax and Fee
Administration (formerly Board of Equalization)
under title 18, California Code of Regulations,
sections 1698 and 4901. (2) Personnel
records, including each employee’s full name,
Social Security number or individual taxpayer
identification number, date employment
begins, and date of termination of
employment, if applicable. (3 Training records
including, but not limited to, the content of the
training provided and the names of the
employees who received the training. (4)
Contracts regarding commercial cannabis
activity. (5) Permits, licenses, and
other local authorizations to conduct the
licensee’s commercial cannabis activity. (6) All
other documents prepared or executed by an
owner or their employees or assignees in
connection with the licensed commercial
cannabis business. (7) Records required by the
Act or this division. (b) Records must be kept
in a manner that allows the records to be
produced for the Department in either
hardcopy or electronic form. (c) Records must
be legible and accurate. No person may
intentionally misrepresent or falsify records.
(d) Records must be stored in a secured area
where the records are protected from debris,
moisture, contamination, hazardous waste,
and theft.

Appendix D
Comparison of Selected City of Sacramento and State of California Regulations

Limits on Delivery Vehicle Inventory
City of Sacramento

5.150.525 Delivery of cannabis.

B. No person delivering cannabis or cannabis
products shall possess more than $3,000
worth of cannabis and cannabis products at
any time.

State of California
(a) A licensed retailer’s delivery employee shall
not carry cannabis goods in the delivery
vehicle with a value in excess of $5,000 at any
time. The value of cannabis goods carried in
the delivery vehicle for which a delivery order
was not received and processed by the
licensed retailer prior to the delivery employee
departing from the licensed premises may not
exceed $3,000.

APPENDIX E:

Real Estate Market Analysis Support Figures

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 2
Blumenfeld & Joellis Vicinity Industrial Occupancy & Rent Blumenfeld & Joellis Vicinity Flex Occupancy & Rent Blumenfeld & Joellis Vicinity Office Occupancy & Rent Blumenfeld & Joellis Vicinity Retail Occupancy & Rent 500,000 0 0 0
District 2
1750 Iris Ave Vicinity Industrial Occupancy & Rent 1750 Iris Ave Vicinity Flex Occupancy & Rent 1750 Iris Ave Vicinity Office Occupancy & Rent 1750 Iris Ave Vicinity Retail Occupancy & Rent 50,000 0 0 0
District 2
1500 El Camino Ave Vicinity Industrial Occupancy & Rent 1500 El Camino Ave Vicinity Flex Occupancy & Rent 1500 El Camino Ave Vicinity Office Occupancy & Rent 1500 El Camino Ave Vicinity Retail Occupancy & Rent 150,000 0 30,000 20,000
100%
100%
100%
100%
78%
78%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
20,000 SF
2015 2016 2017 2018 2019 2020 2021
Blumenfeld & Joellis Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
87%
92%
92%
100%
100%
97%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
500,000 SF
600,000 SF
700,000 SF
800,000 SF
900,000 SF
1,000,000 SF
1,100,000 SF
2015 2016 2017 2018 2019 2020 2021
Blumenfeld & Joellis Vicinity Industrial Occupancy & Rent Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
Blumenfeld & Joellis Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
Blumenfeld & Joellis Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1750 Iris Ave Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
76%
69%
71%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
2015 2016 2017 2018 2019 2020 2021
1750 Iris Ave Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1750 Iris Ave Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1750 Iris Ave Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
2015 2016 2017 2018 2019 2020 2021
1500 El Camino Ave Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
98%
100%
96%
100%
93%
100%
96%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
260,000 SF
280,000 SF
300,000 SF
320,000 SF
2015 2016 2017 2018 2019 2020 2021
1500 El Camino Ave Vicinity Industrial Occupancy & Rent Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
45%
74%
87%
73%
92%
95%
97%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
2015 2016 2017 2018 2019 2020 2021
1500 El Camino Ave Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
45,000 SF
2015 2016 2017 2018 2019 2020 2021
1500 El Camino Ave Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 2
El Monte & Colfax Vicinity Industrial Occupancy & Rent El Monte & Colfax Vicinity Flex Occupancy & Rent El Monte & Colfax Vicinity Office Occupancy & Rent El Monte & Colfax Vicinity Retail Occupancy & Rent 130,000 10,000 20,000 60,000
District 2
El Camino & Albatross Vicinity Industrial Occupancy & Rent El Camino & Albatross Vicinity Flex Occupancy & Rent El Camino & Albatross Vicinity Office Occupancy & Rent El Camino & Albatross Vicinity Retail Occupancy & Rent 110,000 0 10,000 40,000
District 2
2550 Boxwood Vicinity Industrial Occupancy & Rent 2550 Boxwood Vicinity Flex Occupancy & Rent 2550 Boxwood Vicinity Office Occupancy & Rent 2550 Boxwood Vicinity Retail Occupancy & Rent 0 0 0 40,000
100%
100%
100%
100%
86%
57%
57%
$12.00
$12.50
$13.00
$13.50
$14.00
$14.50
$15.00
$15.50
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
2015 2016 2017 2018 2019 2020 2021
El Monte & Colfax Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
92%
99%
100%
98%
99%
85%
98%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
260,000 SF
280,000 SF
2015 2016 2017 2018 2019 2020 2021
El Monte & Colfax Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
95%
94%
94%
94%
94%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
2015 2016 2017 2018 2019 2020 2021
El Monte & Colfax Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
90%
91%
100%
99%
100%
98%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
140,000 SF
2015 2016 2017 2018 2019 2020 2021
El Monte & Colfax Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
1,000 SF
2,000 SF
3,000 SF
4,000 SF
5,000 SF
6,000 SF
7,000 SF
2015 2016 2017 2018 2019 2020 2021
El Camino & Albatross Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
99%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
2015 2016 2017 2018 2019 2020 2021
El Camino & Albatross Vicinity Industrial Occupancy & Rent Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
24%
17%
34%
100%
100%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
2015 2016 2017 2018 2019 2020 2021
El Camino & Albatross Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
96%
100%
91%
100%
100%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
2015 2016 2017 2018 2019 2020 2021
El Camino & Albatross Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
0%
50%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
0 SF
1,000 SF
2,000 SF
3,000 SF
4,000 SF
5,000 SF
6,000 SF
7,000 SF
8,000 SF
9,000 SF
2015 2016 2017 2018 2019 2020 2021
2550 Boxwood Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
2015 2016 2017 2018 2019 2020 2021
2550 Boxwood Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
1%
1%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
20,000 SF
2015 2016 2017 2018 2019 2020 2021
2550 Boxwood Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
94%
100%
95%
90%
100%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
2015 2016 2017 2018 2019 2020 2021
2550 Boxwood Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 2
2580 Grand Ave Vicinity Industrial Occupancy & Rent 2580 Grand Ave Vicinity Flex Occupancy & Rent 2580 Grand Ave Vicinity Office Occupancy & Rent 2580 Grand Ave Vicinity Retail Occupancy & Rent 40,000 0 0 0
District 1
135 Main Vicinity Industrial Occupancy & Rent 135 Main Vicinity Flex Occupancy & Rent 135 Main Vicinity Office Occupancy & Rent 135 Main Vicinity Retail Occupancy & Rent 410,000 20,000 0 0
District 2
199 Harris Ave Vicinity Industrial Occupancy & Rent 199 Harris Ave Vicinity Flex Occupancy & Rent 199 Harris Ave Vicinity Office Occupancy & Rent 199 Harris Ave Vicinity Retail Occupancy & Rent 210,000 30,000 0 0
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2580 Grand Ave Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
90,000 SF
2015 2016 2017 2018 2019 2020 2021
2580 Grand Ave Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2580 Grand Ave Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2580 Grand Ave Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
56%
100%
100%
100%
100%
100%
100%
$8.40
$8.60
$8.80
$9.00
$9.20
$9.40
$9.60
$9.80
$10.00
$10.20
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
2015 2016 2017 2018 2019 2020 2021
135 Main Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
93%
93%
100%
100%
94%
93%
94%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
400,000 SF
450,000 SF
500,000 SF
550,000 SF
600,000 SF
650,000 SF
700,000 SF
750,000 SF
800,000 SF
850,000 SF
900,000 SF
2015 2016 2017 2018 2019 2020 2021
135 Main Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
135 Main Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
135 Main Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
81%
85%
90%
95%
93%
93%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
2015 2016 2017 2018 2019 2020 2021
199 Harris Ave Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
96%
95%
100%
94%
94%
91%
98%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
200,000 SF
250,000 SF
300,000 SF
350,000 SF
400,000 SF
450,000 SF
2015 2016 2017 2018 2019 2020 2021
199 Harris Ave Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
199 Harris Ave Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
500 SF
1,000 SF
1,500 SF
2,000 SF
2,500 SF
3,000 SF
2015 2016 2017 2018 2019 2020 2021
199 Harris Ave Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 4
241 N 10th St Vicinity Industrial Occupancy & Rent 241 N 10th St Vicinity Flex Occupancy & Rent 241 N 10th St Vicinity Office Occupancy & Rent 241 N 10th St Vicinity Retail Occupancy & Rent 240,000 80,000 0 0
District 2
241 Lathrop Way Vicinity Industrial Occupancy & Rent 241 Lathrop Way Vicinity Flex Occupancy & Rent 241 Lathrop Way Vicinity Office Occupancy & Rent 241 Lathrop Way Vicinity Retail Occupancy & Rent 210,000 70,000 0 0
District 2
1955 Railroad Dr Vicinity Industrial Occupancy & Rent 1955 Railroad Dr Vicinity Flex Occupancy & Rent 1955 Railroad Dr Vicinity Office Occupancy & Rent 1955 Railroad Dr Vicinity Retail Occupancy & Rent 160,000 0 0 0
93%
78%
87%
89%
90%
89%
94%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
2015 2016 2017 2018 2019 2020 2021
241 N 10th St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
93%
95%
92%
100%
100%
100%
100%
$-
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
150,000 SF
200,000 SF
250,000 SF
300,000 SF
350,000 SF
400,000 SF
450,000 SF
500,000 SF
550,000 SF
2015 2016 2017 2018 2019 2020 2021
241 N 10th St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
2015 2016 2017 2018 2019 2020 2021
241 N 10th St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
95%
95%
95%
95%
95%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
500 SF
1,000 SF
1,500 SF
2,000 SF
2,500 SF
3,000 SF
3,500 SF
4,000 SF
4,500 SF
2015 2016 2017 2018 2019 2020 2021
241 N 10th St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
89%
94%
95%
95%
91%
88%
97%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
2015 2016 2017 2018 2019 2020 2021
241 Lathrop Way Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
97%
99%
94%
99%
100%
83%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
150,000 SF
200,000 SF
250,000 SF
300,000 SF
350,000 SF
400,000 SF
450,000 SF
2015 2016 2017 2018 2019 2020 2021
241 Lathrop Way Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
50%
50%
100%
50%
100%
100%
100%
$11.50
$12.00
$12.50
$13.00
$13.50
$14.00
$14.50
$15.00
$15.50
$16.00
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
2015 2016 2017 2018 2019 2020 2021
241 Lathrop Way Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
241 Lathrop Way Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1955 Railroad Dr Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
73%
73%
90%
100%
100%
74%
79%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.00
0 SF
50,000 SF
100,000 SF
150,000 SF
200,000 SF
250,000 SF
300,000 SF
350,000 SF
2015 2016 2017 2018 2019 2020 2021
1955 Railroad Dr Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1955 Railroad Dr Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1955 Railroad Dr Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 2
1783 Tribute Rd Vicinity Industrial Occupancy & Rent 1783 Tribute Rd Vicinity Flex Occupancy & Rent 1783 Tribute Rd Vicinity Office Occupancy & Rent 1783 Tribute Rd Vicinity Retail Occupancy & Rent 0 80,000 120,000 10,000
District 3
2201 Northgate Bl Vicinity Industrial Occupancy & Rent 2201 Northgate Bl Vicinity Flex Occupancy & Rent 2201 Northgate Bl Vicinity Office Occupancy & Rent 2201 Northgate Bl Vicinity Retail Occupancy & Rent 0 0 0 70,000
District 4
3015 H St Vicinity Industrial Occupancy & Rent 3015 H St Vicinity Flex Occupancy & Rent 3015 H St Vicinity Office Occupancy & Rent 3015 H St Vicinity Retail Occupancy & Rent 0 0 40,000 0
80%
94%
95%
90%
84%
88%
91%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
60,000 SF
80,000 SF
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
2015 2016 2017 2018 2019 2020 2021
1783 Tribute Rd Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
20,000 SF
2015 2016 2017 2018 2019 2020 2021
1783 Tribute Rd Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
86%
85%
81%
82%
90%
93%
89%
$18.00
$18.50
$19.00
$19.50
$20.00
$20.50
$21.00
$21.50
$22.00
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
260,000 SF
2015 2016 2017 2018 2019 2020 2021
1783 Tribute Rd Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
85%
92%
92%
100%
100%
96%
96%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
45,000 SF
2015 2016 2017 2018 2019 2020 2021
1783 Tribute Rd Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2201 Northgate Bl Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2201 Northgate Bl Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2201 Northgate Bl Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
88%
90%
93%
93%
93%
93%
93%
$12.00
$12.50
$13.00
$13.50
$14.00
$14.50
$15.00
$15.50
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
110,000 SF
120,000 SF
130,000 SF
140,000 SF
150,000 SF
160,000 SF
2015 2016 2017 2018 2019 2020 2021
2201 Northgate Bl Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
3015 H St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
3015 H St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
90%
94%
97%
97%
96%
92%
95%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
90,000 SF
2015 2016 2017 2018 2019 2020 2021
3015 H St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
2015 2016 2017 2018 2019 2020 2021
3015 H St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 4
1900 19th St Vicinity Industrial Occupancy & Rent 1900 19th St Vicinity Flex Occupancy & Rent 1900 19th St Vicinity Office Occupancy & Rent 1900 19th St Vicinity Retail Occupancy & Rent 20,000 0 30,000 60,000
District 4
2100 29th St Vicinity Industrial Occupancy & Rent 2100 29th St Vicinity Flex Occupancy & Rent 2100 29th St Vicinity Office Occupancy & Rent 2100 29th St Vicinity Retail Occupancy & Rent 0 0 10,000 0
District 4
1236 C St Vicinity Industrial Occupancy & Rent 1236 C St Vicinity Flex Occupancy & Rent 1236 C St Vicinity Office Occupancy & Rent 1236 C St Vicinity Retail Occupancy & Rent 40,000 20,000 0 0
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1900 19th St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
45,000 SF
50,000 SF
2015 2016 2017 2018 2019 2020 2021
1900 19th St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
94%
88%
89%
100%
100%
96%
61%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
2015 2016 2017 2018 2019 2020 2021
1900 19th St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
98%
99%
99%
97%
95%
96%
96%
$50.00
$51.00
$52.00
$53.00
$54.00
$55.00
$56.00
$57.00
$58.00
$59.00
$60.00
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
110,000 SF
120,000 SF
130,000 SF
140,000 SF
150,000 SF
2015 2016 2017 2018 2019 2020 2021
1900 19th St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2100 29th St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
1,000 SF
2,000 SF
3,000 SF
4,000 SF
5,000 SF
6,000 SF
2015 2016 2017 2018 2019 2020 2021
2100 29th St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
2015 2016 2017 2018 2019 2020 2021
2100 29th St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
74%
100%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
2015 2016 2017 2018 2019 2020 2021
2100 29th St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
29%
29%
29%
29%
83%
29%
29%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
45,000 SF
2015 2016 2017 2018 2019 2020 2021
1236 C St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
85%
100%
100%
100%
100%
85%
85%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
110,000 SF
2015 2016 2017 2018 2019 2020 2021
1236 C St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1236 C St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
93%
83%
83%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
20,000 SF
2015 2016 2017 2018 2019 2020 2021
1236 C St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 4
1716 J St Vicinity Industrial Occupancy & Rent 1716 J St Vicinity Flex Occupancy & Rent 1716 J St Vicinity Office Occupancy & Rent 1716 J St Vicinity Retail Occupancy & Rent 10,000 0 140,000 70,000
District 4
1404 28th St Vicinity Industrial Occupancy & Rent 1404 28th St Vicinity Flex Occupancy & Rent 1404 28th St Vicinity Office Occupancy & Rent 1404 28th St Vicinity Retail Occupancy & Rent 20,000 0 40,000 10,000
District 4
1918 16th St Vicinity Industrial Occupancy & Rent 1918 16th St Vicinity Flex Occupancy & Rent 1918 16th St Vicinity Office Occupancy & Rent 1918 16th St Vicinity Retail Occupancy & Rent 0 0 90,000 20,000
100%
0%
0%
100%
100%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
2015 2016 2017 2018 2019 2020 2021
1716 J St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
2015 2016 2017 2018 2019 2020 2021
1716 J St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
95%
99%
100%
96%
93%
92%
94%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
100,000 SF
150,000 SF
200,000 SF
250,000 SF
300,000 SF
350,000 SF
2015 2016 2017 2018 2019 2020 2021
1716 J St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
110,000 SF
120,000 SF
130,000 SF
140,000 SF
150,000 SF
160,000 SF
2015 2016 2017 2018 2019 2020 2021
1716 J St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1404 28th St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
2015 2016 2017 2018 2019 2020 2021
1404 28th St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
99%
98%
98%
100%
91%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
90,000 SF
2015 2016 2017 2018 2019 2020 2021
1404 28th St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
96%
96%
100%
100%
96%
92%
96%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
2015 2016 2017 2018 2019 2020 2021
1404 28th St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1918 16th St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1918 16th St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
99%
99%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
100,000 SF
110,000 SF
120,000 SF
130,000 SF
140,000 SF
150,000 SF
160,000 SF
170,000 SF
180,000 SF
190,000 SF
200,000 SF
2015 2016 2017 2018 2019 2020 2021
1918 16th St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
94%
96%
100%
97%
95%
97%
97%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
45,000 SF
50,000 SF
2015 2016 2017 2018 2019 2020 2021
1918 16th St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 4
2418 17th St Vicinity Industrial Occupancy & Rent 2418 17th St Vicinity Flex Occupancy & Rent 2418 17th St Vicinity Office Occupancy & Rent 2418 17th St Vicinity Retail Occupancy & Rent 0 0 10,000 40,000
District 4
515 Broadway Vicinity Industrial Occupancy & Rent 515 Broadway Vicinity Flex Occupancy & Rent 515 Broadway Vicinity Office Occupancy & Rent 515 Broadway Vicinity Retail Occupancy & Rent 40,000 0 0 10,000
District 7
2320 Broadway Vicinity Industrial Occupancy & Rent 2320 Broadway Vicinity Flex Occupancy & Rent 2320 Broadway Vicinity Office Occupancy & Rent 2320 Broadway Vicinity Retail Occupancy & Rent 0 0 40,000 10,000
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2418 17th St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2418 17th St Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
89%
96%
95%
95%
97%
97%
$15.00
$15.50
$16.00
$16.50
$17.00
$17.50
$18.00
$18.50
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
2015 2016 2017 2018 2019 2020 2021
2418 17th St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
95%
97%
100%
96%
96%
98%
98%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
2015 2016 2017 2018 2019 2020 2021
2418 17th St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
78%
78%
60%
85%
85%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
2015 2016 2017 2018 2019 2020 2021
515 Broadway Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
90,000 SF
2015 2016 2017 2018 2019 2020 2021
515 Broadway Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
100 SF
200 SF
300 SF
400 SF
2015 2016 2017 2018 2019 2020 2021
515 Broadway Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
86%
100%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
2015 2016 2017 2018 2019 2020 2021515 Broadway Vicinity Retail Occupancy & Rent Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2320 Broadway Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
20,000 SF
2015 2016 2017 2018 2019 2020 2021
2320 Broadway Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
19%
20%
19%
19%
19%
19%
19% $22.00
$23.00
$24.00
$25.00
$26.00
$27.00
$28.00
$29.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
2015 2016 2017 2018 2019 2020 2021
2320 Broadway Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
85%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
2015 2016 2017 2018 2019 2020 2021
2320 Broadway Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 5
3752 W Pacific Vicinity Industrial Occupancy & Rent 3752 W Pacific Vicinity Flex Occupancy & Rent 3752 W Pacific Vicinity Office Occupancy & Rent 3752 W Pacific Vicinity Retail Occupancy & Rent 50,000 0 0 10,000
District 5
4311 Attawa Vicinity Industrial Occupancy & Rent 4311 Attawa Vicinity Flex Occupancy & Rent 4311 Attawa Vicinity Office Occupancy & Rent 4311 Attawa Vicinity Retail Occupancy & Rent 70,000 0 0 0
District 5
Wilmington & Deeble Vicinity Industrial Occupancy & Rent Wilmington & Deeble Vicinity Flex Occupancy & Rent Wilmington & Deeble Vicinity Office Occupancy & Rent Wilmington & Deeble Vicinity Retail Occupancy & Rent 120,000 10,000 0 10,000
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
2015 2016 2017 2018 2019 2020 2021
3752 W Pacific Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
2015 2016 2017 2018 2019 2020 2021
3752 W Pacific Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
3752 W Pacific Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
76%
77%
86%
86%
$46.50
$47.00
$47.50
$48.00
$48.50
$49.00
$49.50
$50.00
$50.50
$51.00
$51.50
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
2015 2016 2017 2018 2019 2020 2021
3752 W Pacific Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
18,000 SF
20,000 SF
2015 2016 2017 2018 2019 2020 2021
4311 Attawa Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
96%
100%
100%
100%
99%
100%
100%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
110,000 SF
120,000 SF
130,000 SF
140,000 SF
150,000 SF
160,000 SF
2015 2016 2017 2018 2019 2020 2021
4311 Attawa Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
4311 Attawa Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
2015 2016 2017 2018 2019 2020 2021
4311 Attawa Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
2015 2016 2017 2018 2019 2020 2021
Wilmington & Deeble Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
98%
100%
100%
100%
100%
100%
100%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
260,000 SF
2015 2016 2017 2018 2019 2020 2021
Wilmington & Deeble Vicinity Industrial Occupancy & Rent Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
Wilmington & Deeble Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
83%
84%
90%
90%
$46.50
$47.00
$47.50
$48.00
$48.50
$49.00
$49.50
$50.00
$50.50
$51.00
$51.50
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
2015 2016 2017 2018 2019 2020 2021
Wilmington & Deeble Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 5
24th St & 23rd Ave Vicinity Industrial Occupancy & Rent 24th St & 23rd Ave Vicinity Flex Occupancy & Rent 24th St & 23rd Ave Vicinity Office Occupancy & Rent 24th St & 23rd Ave Vicinity Retail Occupancy & Rent 60,000 0 0 0
District 5
4910 Franklin Vicinity Industrial Occupancy & Rent 4910 Franklin Vicinity Flex Occupancy & Rent 4910 Franklin Vicinity Office Occupancy & Rent 4910 Franklin Vicinity Retail Occupancy & Rent 0 0 0 60,000
District 5
2831 Fruitridge Vicinity Industrial Occupancy & Rent 2831 Fruitridge Vicinity Flex Occupancy & Rent 2831 Fruitridge Vicinity Office Occupancy & Rent 2831 Fruitridge Vicinity Retail Occupancy & Rent 0 0 0 0
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
24th St & 23rd Ave Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
99%
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
110,000 SF
120,000 SF
130,000 SF
140,000 SF
2015 2016 2017 2018 2019 2020 2021
24th St & 23rd Ave Vicinity Industrial Occupancy & Rent Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
24th St & 23rd Ave Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
24th St & 23rd Ave Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
4910 Franklin Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
86%
86%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
2015 2016 2017 2018 2019 2020 2021
4910 Franklin Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
4910 Franklin Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
98%
100%
100%
100%
100%
100%
100%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
140,000 SF
160,000 SF
2015 2016 2017 2018 2019 2020 2021
4910 Franklin Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2831 Fruitridge Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
14,000 SF
16,000 SF
2015 2016 2017 2018 2019 2020 2021
2831 Fruitridge Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
4,000 SF
8,000 SF
12,000 SF
16,000 SF
20,000 SF
2015 2016 2017 2018 2019 2020 2021
2831 Fruitridge Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
85%
100%
96%
100%
100%
100%
100%
$-
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
2015 2016 2017 2018 2019 2020 2021
2831 Fruitridge Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 5
33rd Ave & 35th St Vicinity Industrial Occupancy & Rent 33rd Ave & 35th St Vicinity Flex Occupancy & Rent 33rd Ave & 35th St Vicinity Office Occupancy & Rent 33rd Ave & 35th St Vicinity Retail Occupancy & Rent 70,000 0 0 20,000
District 5
1421 47th Ave Vicinity Industrial Occupancy & Rent 1421 47th Ave Vicinity Flex Occupancy & Rent 1421 47th Ave Vicinity Office Occupancy & Rent 1421 47th Ave Vicinity Retail Occupancy & Rent 130,000 10,000 0 0
District 5
108 Otto Cir Vicinity Industrial Occupancy & Rent 108 Otto Cir Vicinity Flex Occupancy & Rent 108 Otto Cir Vicinity Office Occupancy & Rent 108 Otto Cir Vicinity Retail Occupancy & Rent
140,000 0 0 0
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
33rd Ave & 35th St Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
99%
99%
99%
99%
99%
99%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
60,000 SF
70,000 SF
80,000 SF
90,000 SF
100,000 SF
110,000 SF
120,000 SF
130,000 SF
140,000 SF
150,000 SF
2015 2016 2017 2018 2019 2020 2021
33rd Ave & 35th St Vicinity Industrial Occupancy & Rent Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
33rd Ave & 35th St Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
90%
90%
90%
90%
90%
90%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
45,000 SF
2015 2016 2017 2018 2019 2020 2021
33rd Ave & 35th St Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
49%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
2015 2016 2017 2018 2019 2020 2021
1421 47th Ave Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
91%
97%
97%
98%
98%
98%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
260,000 SF
280,000 SF
2015 2016 2017 2018 2019 2020 2021
1421 47th Ave Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
100%
100%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
0 SF
1,000 SF
2,000 SF
3,000 SF
4,000 SF
5,000 SF
6,000 SF
2015 2016 2017 2018 2019 2020 2021
1421 47th Ave Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
1421 47th Ave Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
108 Otto Cir Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
97%
100%
100%
98%
98%
96%
100%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
260,000 SF
280,000 SF
300,000 SF
2015 2016 2017 2018 2019 2020 2021
108 Otto Cir Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
108 Otto Cir Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
108 Otto Cir Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 5
6955 Luther Dr Vicinity Industrial Occupancy & Rent 6955 Luther Dr Vicinity Flex Occupancy & Rent 6955 Luther Dr Vicinity Office Occupancy & Rent 6955 Luther Dr Vicinity Retail Occupancy & Rent 120,000 60,000 0 0
District 6
6720 Fruitridge Vicinity Industrial Occupancy & Rent 6720 Fruitridge Vicinity Flex Occupancy & Rent 6720 Fruitridge Vicinity Office Occupancy & Rent 6720 Fruitridge Vicinity Retail Occupancy & Rent 0 0 0 20,000
District 6
3701 Stockton Vicinity Industrial Occupancy & Rent 3701 Stockton Vicinity Flex Occupancy & Rent 3701 Stockton Vicinity Office Occupancy & Rent 3701 Stockton Vicinity Retail Occupancy & Rent 0 0 0 30,000
75%
78%
75%
78%
70%
85%
87%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
140,000 SF
2015 2016 2017 2018 2019 2020 2021
6955 Luther Dr Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
99%
100%
100%
100%
100%
96%
84%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
260,000 SF
2015 2016 2017 2018 2019 2020 2021
6955 Luther Dr Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
6955 Luther Dr Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
6955 Luther Dr Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
6720 Fruitridge Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
0%
57%
100%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
0 SF
1,000 SF
2,000 SF
3,000 SF
4,000 SF
5,000 SF
6,000 SF
7,000 SF
2015 2016 2017 2018 2019 2020 2021
6720 Fruitridge Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
6720 Fruitridge Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
94%
97%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
2015 2016 2017 2018 2019 2020 2021
6720 Fruitridge Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
3701 Stockton Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
3701 Stockton Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
3701 Stockton Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
84%
87%
93%
83%
100%
94%
100%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
2015 2016 2017 2018 2019 2020 2021
3701 Stockton Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 6
2035 Stockton Vicinity Industrial Occupancy & Rent 2035 Stockton Vicinity Flex Occupancy & Rent 2035 Stockton Vicinity Office Occupancy & Rent 2035 Stockton Vicinity Retail Occupancy & Rent 0 50,000 20,000 0
District 6
Power Inn & 14th Vicinity Industrial Occupancy & Rent Power Inn & 14th Vicinity Flex Occupancy & Rent Power Inn & 14th Vicinity Office Occupancy & Rent Power Inn & 14th Vicinity Retail Occupancy & Rent 850,000 110,000 310,000 10,000
District 6
Florin Perkins Vicinity Industrial Occupancy & Rent Florin Perkins Vicinity Flex Occupancy & Rent Florin Perkins Vicinity Office Occupancy & Rent Florin Perkins Vicinity Retail Occupancy & Rent 6,520,000 140,000 120,000 20,000
6%
6%
100%
100%
100%
0%
0% $-
$5.00
$10.00
$15.00
$20.00
$25.00
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
140,000 SF
2015 2016 2017 2018 2019 2020 2021
2035 Stockton Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
2035 Stockton Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
94%
96%
100%
100%
100%
100%
68%
$15.00
$15.20
$15.40
$15.60
$15.80
$16.00
$16.20
$16.40
$16.60
$16.80
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
2015 2016 2017 2018 2019 2020 2021
2035 Stockton Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
1,000 SF
2,000 SF
3,000 SF
4,000 SF
5,000 SF
2015 2016 2017 2018 2019 2020 2021
2035 Stockton Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
93%
95%
92%
97%
96%
86%
91%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
2015 2016 2017 2018 2019 2020 2021
Power Inn & 14th Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
96%
98%
96%
97%
96%
94%
98%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
1,000,000 SF
1,100,000 SF
1,200,000 SF
1,300,000 SF
1,400,000 SF
1,500,000 SF
1,600,000 SF
1,700,000 SF
1,800,000 SF
2015 2016 2017 2018 2019 2020 2021
Power Inn & 14th Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
94%
98%
97%
97%
99%
97%
89%
$13.50
$14.00
$14.50
$15.00
$15.50
$16.00
$16.50
$17.00
$17.50
$18.00
$18.50
0 SF
100,000 SF
200,000 SF
300,000 SF
400,000 SF
500,000 SF
600,000 SF
700,000 SF
2015 2016 2017 2018 2019 2020 2021
Power Inn & 14th Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
2015 2016 2017 2018 2019 2020 2021
Power Inn & 14th Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
91%
91%
86%
85%
85%
100%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
220,000 SF
240,000 SF
260,000 SF
280,000 SF
300,000 SF
2015 2016 2017 2018 2019 2020 2021
Florin Perkins Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
94%
95%
97%
96%
96%
89%
95%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
6,000,000 SF
7,000,000 SF
8,000,000 SF
9,000,000 SF
10,000,000 SF
11,000,000 SF
12,000,000 SF
13,000,000 SF
14,000,000 SF
2015 2016 2017 2018 2019 2020 2021
Florin Perkins Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
94%
87%
80%
80%
79%
79%
81%
$-
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
$40.00
$45.00
0 SF
50,000 SF
100,000 SF
150,000 SF
200,000 SF
250,000 SF
300,000 SF
2015 2016 2017 2018 2019 2020 2021
Florin Perkins Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
85%
100%
90%
100%
100%
96%
100%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
5,000 SF
10,000 SF
15,000 SF
20,000 SF
25,000 SF
30,000 SF
35,000 SF
40,000 SF
45,000 SF
2015 2016 2017 2018 2019 2020 2021
Florin Perkins Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-1
Cannabis Zones Commercial Real Estate Market Performance District 6
Lemon Hill Vicinity Industrial Occupancy & Rent Lemon Hill Vicinity Flex Occupancy & Rent Lemon Hill Vicinity Office Occupancy & Rent Lemon Hill Vicinity Retail Occupancy & Rent 840,000 30,000 0 0
District 6
8735 Folsom Vicinity Industrial Occupancy & Rent 8735 Folsom Vicinity Flex Occupancy & Rent 8735 Folsom Vicinity Office Occupancy & Rent 8735 Folsom Vicinity Retail Occupancy & Rent 0 0 90,000 0
78%
75%
94%
98%
94%
56%
65%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
10,000 SF
20,000 SF
30,000 SF
40,000 SF
50,000 SF
60,000 SF
70,000 SF
2015 2016 2017 2018 2019 2020 2021
Lemon Hill Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
88%
95%
97%
91%
89%
89%
90%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
600,000 SF
800,000 SF
1,000,000 SF
1,200,000 SF
1,400,000 SF
1,600,000 SF
1,800,000 SF
2015 2016 2017 2018 2019 2020 2021
Lemon Hill Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
17%
17%
17%
17%
0%
83%
83%
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
0 SF
1,000 SF
2,000 SF
3,000 SF
4,000 SF
5,000 SF
6,000 SF
7,000 SF
8,000 SF
9,000 SF
10,000 SF
2015 2016 2017 2018 2019 2020 2021
Lemon Hill Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
1,000 SF
2,000 SF
3,000 SF
4,000 SF
5,000 SF
6,000 SF
7,000 SF
2015 2016 2017 2018 2019 2020 2021
Lemon Hill Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
8735 Folsom Vicinity Flex Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
0%
0%
0%
0%
0%
0%
0%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
0 SF
0 SF
0 SF
0 SF
0 SF
1 SF
1 SF
1 SF
1 SF
1 SF
1 SF
2015 2016 2017 2018 2019 2020 2021
8735 Folsom Vicinity Industrial Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
43%
42%
44%
43%
93%
86%
93%
$17.00
$17.50
$18.00
$18.50
$19.00
$19.50
$20.00
$20.50
$21.00
$21.50
$22.00
$22.50
0 SF
20,000 SF
40,000 SF
60,000 SF
80,000 SF
100,000 SF
120,000 SF
140,000 SF
160,000 SF
180,000 SF
200,000 SF
2015 2016 2017 2018 2019 2020 2021
8735 Folsom Vicinity Office Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.
100%
100%
100%
100%
100%
100%
100%
$10.30
$10.40
$10.50
$10.60
$10.70
$10.80
$10.90
0 SF
2,000 SF
4,000 SF
6,000 SF
8,000 SF
10,000 SF
12,000 SF
2015 2016 2017 2018 2019 2020 2021
8735 Folsom Vicinity Retail Occupancy & Rent
Occupied Vacant Asking Rent
Inventory
Rent (annual)
Source: Costar; EPS.

Prepared by EPS 1/16/2022 Z:\Shared\Projects\SAC\212000\212060 Sac Cannabis\Model\Real Estate Analysis 12

Appendix E-2
Maps of Cannabis Zones Identified for Costar Commercial Real Estate Market Data Extraction Maps from August 2021 (Council Districts updated January 2022) Council District 1
CD1 - 135 Main Ave 1000’
Council District 2
CD2 - 1750 Iris Ave (100’ east) 1000’
CD2 - El Monte & Colfax 1200’
CD2 - Blumenfeld Dr (200’ north of Joellis) 1200’
CD2 - El Camino & Albatross 1000’
CD2 - 1500 El Camino Ave 1000’

CD2 - 2550 Boxwood St 700’
CD2 - 2550 Boxwood St 1000’
CD2 - 2480 Grand Ave 700’
CD2 - 199 Harris Ave 1000’
CD2 - 1955 Railroad Dr 1000’
CD2 - 1783 Tribute Rd 1000’

CD2 - 241 Lathrop Way 1000’

Council District 3

CD3 - 2201 Northgate Bl 1000’

Council District 4

CD4 - 241 N 10th St 1000’

CD4 - 3015 H St 500’

CD4 - 1900 19th St 500’

CD4 - 2100 29th St 500’

CD4 - 1236 C St 500’
CD4 - 1716 J St 500’
CD4 - 1404 28th St 500’
CD4 - 1918 16th St 500’
CD4 - 2418 17th St 500’
CD4 - 515 Broadway 500’

Council District 5
CD5 - 3752 W Pacific 700’
CD5 - 4311 Attawa Ave 1000’
CD5 - Wilmington & Deeble 1200’
CD5 - 24th St & 23rd Ave 700’
CD5 - 4910 Franklin Bl 700’
CD5 - 2831 Fruitridge Rd 700’

CD5 - 33rd Ave & 35th St 700’
CD5 - 1421 47th Ave 1000’
CD5 - 108 Otto Circle 1000’
CD5 - 6955 Luther Dr 1000’
Council District 6
CD6 - 6720 Fruitridge Rd 1000’
CD6 - 3701 Stockton Bl 700’

CD6 - 2035 Stockton Bl 700’
CD6 - Power Inn & 14th Ave Zone
CD6 - Florin Perkins Zone
CD6 - Lemon Hill Zone
CD6 - 8735 Folsom 1000’
Council District 7
CD7 - 2320 Broadway 500’

275
80 80
80 80
80 5
5 99
160
5 160
50 80
80 16
99 1
5 4
7 2
3 6
8 Source: City of Sacramento, EPS, County of Sacramento, Esri, HERE, Garmin, SafeGraph, METI/NASA, USGS, Bureau of Land Management, EPA, NPS, USDA.

F
0 1.5 30.75
Miles
County of
Sacramento
,
1/4-Mile from Production Uses
1/4-Mile to 1/2 Mile from Production Uses
City Council Districts
City Limits
Map E-3 - Areas Within 1/4-mile and 1/4-mile to 1/2-mile from Cannabis Production Uses

275
80 80
80 80
80 5
5 99
160
5 160
50 80
80 16
99 1
5 4
7 2
3 6
8 Source: City of Sacramento, EPS, County of Sacramento, Esri, HERE, Garmin, SafeGraph, METI/NASA, USGS, Bureau of Land Management, EPA, NPS, USDA.

F
0 1.5 30.75
Miles
County of
Sacramento
,
Map E-4 - Areas Within 1/4-mile and 1/4-mile to 1/2-mile from Cannabis Dispensaries 1/4-Mile from Dispensaries
1/4-Mile to 1/2 Mile from Dispensaries
City Council Districts
City Limits

THIS PAGE INT

ENTIONALLY LEFT BLANK

APPENDIX F:

Cannabis Business Crime Data

Table F-1
City of Sacramento Comprehensive Cannabis Study
List of Crimes At Cannabis Businesses Reported to City of Sacramento Police Department (2018 - 2021) Date [1] Year Crime [2] Crime Category
Business ID
[3]
Cannabis
Business
Type
1/14/2018 2021 211 PC ROBBERY-UNSPECIFIED Robbery 58 Delivery 1/14/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 75 Cultivation 2/8/2018 2018 459 PC BURG BUSINESS-NO FORCE Burglary 40 Storefront 4/15/2018 2018 459 PC BURG BUSINESS-FORCE Burglary 111 Storefront 5/22/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 81 Distribution 5/30/2018 2020 459 PC BURG BUSINESS-NO FORCE Burglary 49 Distribution 6/3/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 48 Storefront 7/4/2018 2020 459 PC BURG BUSINESS-FORCE Burglary 10 Cultivation 7/7/2018 2018 459 PC BURG BUSINESS-FORCE Burglary 23 Storefront 7/29/2018 2018 459 PC Burglary 105 Unlicensed
8/2/2018 2018 459 PC BURG BUSINESS-FORCE Burglary 109 Delivery 8/17/2018 2021 459 PC BURG BUSINESS-FORCE Burglary 79 Cultivation 8/19/2018 2021 459 PC BURG BUSINESS-FORCE Burglary 88 Cultivation 8/23/2018 2019 459 PC BURG BUSINESS-NO FORCE Burglary 91 Delivery 9/9/2018 2020 211 PC ROBBERY-UNSPECIFIED Burglary 40 Storefront 9/25/2018 2021 459 PC Burglary 42 Manufacturer
10/11/2018 2019 459 PC BURG BUSINESS-FORCE Robbery 106 Delivery 10/16/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 23 Storefront 10/25/2018 2018 459 PC BURG BUSINESS-FORCE Burglary 103 Manufacturer 11/5/2018 2018 211 PC ROBBERY-BUSINESS Burglary 100 Delivery 11/7/2018 2021 459 PC BURG BUSINESS-FORCE Burglary 63 Manufacturer 11/14/2018 2020 459 PC BURG BUSINESS-FORCE Burglary 90 Cultivation 11/16/2018 2018 459 PC BURG BUSINESS-FORCE Burglary 77 Delivery 11/22/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 33 Delivery 11/30/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 41 Delivery 12/4/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 30 Delivery 12/4/2018 2020 459 PC BURG BUSINESS-FORCE Burglary 48 Storefront 12/5/2018 2018 459 PC BURG BUSINESS-FORCE Burglary 87 Cultivation 12/6/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 91 Delivery 12/13/2018 2021 459 PC BURG BUSINESS-FORCE Burglary 27 Cultivation 12/14/2018 2019 459 PC BURG BUSINESS-FORCE Burglary 98 Storefront 1/8/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 70 Storefront 1/8/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 106 Cultivation 1/9/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 67 Cultivation 1/10/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 88 Cultivation 1/14/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 51 Cultivation 1/31/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 101 Storefront

Table F-1
City of Sacramento Comprehensive Cannabis Study
List of Crimes At Cannabis Businesses Reported to City of Sacramento Police Department (2018 - 2021) Date [1] Year Crime [2] Crime Category
Business ID
[3]
Cannabis
Business
Type
2/9/2019 2018 459 PC BURG BUSINESS-FORCE Robbery 95 Storefront 2/16/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 37 Manufacturer 2/18/2019 2020 459 PC BURG BUSINESS-FORCE Burglary 13 Delivery 2/20/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 36 Cultivation 2/24/2019 2019 211 PC ROBBERY-UNSPECIFIED Robbery 62 Delivery 2/27/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 96 Manufacturer 3/12/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 104 Storefront 3/18/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 83 Cultivation 3/22/2019 2019 211 PC ROBBERY-UNSPECIFIED Burglary 106 Delivery 3/25/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 9 Storefront 3/30/2019 2019 459 PC (ATTEMPT) Burglary 39 Delivery
4/1/2019 2019 211 PC ROBBERY-UNSPECIFIED Robbery 62 Delivery 4/1/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 11 Storefront 4/2/2019 2020 211 PC ROBBERY-UNSPECIFIED Burglary 91 Delivery 4/17/2019 2019 211 PC ROBBERY-UNSPECIFIED Burglary 2 Storefront 4/23/2019 2019 211 PC ROBBERY-UNSPECIFIED Burglary 3 Storefront 4/29/2019 2021 211 PC ROBBERY-UNSPECIFIED Burglary 53 Cultivation 5/20/2019 2019 211 PC ROBBERY-UNSPECIFIED Robbery 69 Delivery 5/20/2019 2018 211 PC ROBBERY-UNSPECIFIED Burglary 4 Cultivation 5/25/2019 2019 211 PC ROBBERY-UNSPECIFIED Robbery 77 Delivery 5/28/2019 2021 211 PC ROBBERY-UNSPECIFIED Robbery 58 Delivery 5/28/2019 2020 459 PC BURG BUSINESS-FORCE Burglary 30 Delivery 5/29/2019 2020 211 PC ROBBERY-UNSPECIFIED Robbery 47 Delivery 5/29/2019 2020 459 PC BURG BUSINESS-FORCE Burglary 26 Storefront 6/1/2019 2019 211 PC ROBBERY-UNSPECIFIED Burglary 1 Lab 6/16/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 8 Storefront 6/21/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 102 Cultivation 6/27/2019 2020 459 PC BURG BUSINESS-FORCE Burglary 25 Cultivation 6/27/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 43 Cultivation 7/2/2019 2020 459 PC BURG BUSINESS-FORCE Robbery 30 Delivery 7/4/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 95 Lab 7/6/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 7 Cultivation 7/16/2019 2020 459 PC BURG BUSINESS-FORCE Burglary 96 Distribution 7/17/2019 2020 459 PC BURG BUSINESS-FORCE Robbery 25 Cultivation 7/22/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 12 Manufacturer 7/27/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 17 Distribution 7/29/2019 2019 459 PC BURG BUSINESS-FORCE Robbery 88 Cultivation

Table F-1
City of Sacramento Comprehensive Cannabis Study
List of Crimes At Cannabis Businesses Reported to City of Sacramento Police Department (2018 - 2021) Date [1] Year Crime [2] Crime Category
Business ID
[3]
Cannabis
Business
Type
7/30/2019 2020 459 PC BURG BUSINESS-FORCE Burglary 35 Storefront 7/30/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 98 Storefront 8/2/2019 2021 211 PC ROBBERY-UNSPECIFIED Robbery 107 Delivery 8/2/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 88 Cultivation 8/4/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 22 Cultivation 8/5/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 68 Cultivation 8/6/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 9 Delivery 8/6/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 91 Microbusiness 8/7/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 66 Storefront 8/10/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 89 Distribution 8/13/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 98 Storefront 8/18/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 38 Cultivation 8/18/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 96 Manufacturer 8/21/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 19 Delivery 8/23/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 17 Distribution 8/24/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 63 Lab 8/24/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 96 Manufacturer 8/25/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 23 Storefront 8/25/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 73 Delivery 8/25/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 105 Unlicensed 8/26/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 60 Cultivation 8/27/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 11 Storefront 8/27/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 68 Cultivation 8/28/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 49 Delivery 8/28/2019 2021 459 PC (ATTEMPT) Burglary 68 Cultivation 8/30/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 108 Cultivation 9/1/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 27 Cultivation 9/4/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 73 Delivery 9/5/2019 2020 459 PC BURG BUSINESS-FORCE Burglary 52 Storefront 9/5/2019 2021 459 PC BURG BUSINESS-FORCE Burglary 53 Cultivation 9/5/2019 2019 459 (ATTEMPT) Burglary 70 Storefront
9/18/2019 2020 459 PC (ATTEMPT) Burglary 66 Cultivation 10/8/2019 2019 459 PC BURG BUSINESS-FORCE Robbery 10 Cultivation 10/11/2019 2021 211 PC ROBBERY-UNSPECIFIED Robbery 110 Delivery 10/27/2019 2020 459 PC (ATTEMPT) Burglary 40 Storefront 12/1/2019 2021 211 PC ROBBERY-UNSPECIFIED Robbery 80 Delivery 12/3/2019 2018 459 PC (ATTEMPT) Burglary 40 Storefront

Table F-1
City of Sacramento Comprehensive Cannabis Study
List of Crimes At Cannabis Businesses Reported to City of Sacramento Police Department (2018 - 2021) Date [1] Year Crime [2] Crime Category
Business ID
[3]
Cannabis
Business
Type
12/14/2019 2018 459 PC BURG BUSINESS-FORCE Burglary 72 Cultivation 12/18/2019 2019 459 PC BURG BUSINESS-FORCE Burglary 16 Manufacturer 12/18/2019 2021 459 PC BURG BUSINESS-FORCE Robbery 74 Cultivation 12/25/2019 2021 211 PC ROBBERY-UNSPECIFIED Burglary 15 Distribution 1/31/2020 2019 211 PC ROBBERY-UNSPECIFIED Burglary 30 Delivery 2/3/2020 2021 459 PC BURG BUSINESS-FORCE Burglary 46 Cultivation 2/23/2020 2020 459 PC (ATTEMPT) Burglary 45 Storefront
2/24/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 30 Delivery 3/21/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 79 Cultivation 4/10/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 11 Storefront 4/24/2020 2018 459 PC BURG BUSINESS-FORCE Burglary 78 Manufacturer 5/2/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 34 Distribution 5/13/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 93 Storefront 5/13/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 93 Storefront 5/14/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 51 Storefront 5/14/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 93 Storefront 5/17/2020 2018 459 PC BURG BUSINESS-FORCE Burglary 21 Distribution 5/27/2020 2019 211 PC ROBBERY-UNSPECIFIED Robbery 84 Delivery 5/30/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 68 Cultivation 5/31/2020 2021 459 PC BURG BUSINESS-FORCE Burglary 31 Cultivation 5/31/2020 2021 459 PC BURG BUSINESS-FORCE Burglary 43 Cultivation 6/2/2020 2020 459 PC BURG BUSINESS-FORCE Burglary 40 Storefront 6/2/2020 2021 459 PC BURG BUSINESS-FORCE Burglary 51 Cultivation 6/2/2020 2020 459 PC BURG BUSINESS-FORCE Burglary 94 Cultivation 6/4/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 104 Storefront 7/12/2020 2020 459 PC BURG BUSINESS-FORCE Burglary 98 Storefront 7/19/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 14 Cultivation 7/19/2020 2021 459 PC BURG BUSINESS-FORCE Burglary 60 Cultivation 9/10/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 106 Cultivation 9/19/2020 2019 459 PC BURG BUSINESS-FORCE Burglary 65 Cultivation 11/15/2020 2020 211 PC ROBBERY-UNSPECIFIED Burglary 104 Storefront 11/18/2020 2018 211 PC ROBBERY-UNSPECIFIED Robbery 33 Storefront 12/7/2020 2021 459 PC BURG BUSINESS-FORCE Burglary 61 Manufacturer 12/29/2020 2021 459 PC BURG BUSINESS-FORCE Burglary 51 Cultivation 1/9/2021 2020 459 PC BURG BUSINESS-FORCE Robbery 104 Storefront 1/13/2021 2018 459 PC BURG BUSINESS-FORCE Burglary 103 Manufacturer 1/31/2021 2019 459 (ATTEMPT) Burglary 10 Cultivation

Table F-1
City of Sacramento Comprehensive Cannabis Study
List of Crimes At Cannabis Businesses Reported to City of Sacramento Police Department (2018 - 2021) Date [1] Year Crime [2] Crime Category
Business ID
[3]
Cannabis
Business
Type
2/10/2021 2021 211 PC ROBBERY-UNSPECIFIED Burglary 7 Cultivation 3/11/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 10 Cultivation 4/27/2021 2021 459 (ATTEMPT) Burglary 91 Microbusiness
5/20/2021 2020 459 (ATTEMPT) Burglary 90 Cultivation
5/21/2021 2020 211 PC ROBBERY-UNSPECIFIED Burglary 7 Cultivation 5/31/2021 2021 211 PC ROBBERY-UNSPECIFIED Burglary 6 Storefront 6/1/2021 2019 211 PC ROBBERY-UNSPECIFIED Burglary 4 Cultivation 6/2/2021 2021 211 PC ROBBERY-UNSPECIFIED Robbery 99 Delivery 6/6/2021 2019 211 PC ROBBERY-UNSPECIFIED Robbery 59 Delivery 6/6/2021 2019 211 PC ROBBERY-UNSPECIFIED Burglary 5 Cultivation 6/21/2021 2019 211 PC ROBBERY-UNSPECIFIED Burglary 82 Delivery 7/23/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 60 Cultivation 7/29/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 51 Cultivation 8/1/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 50 Delivery 8/1/2021 2018 459 PC BURG BUSINESS-FORCE Burglary 109 Delivery 8/2/2021 2020 459 PC BURG BUSINESS-FORCE Burglary 90 Cultivation 8/3/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 92 Storefront 8/4/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 51 Cultivation 8/12/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 20 Delivery 8/13/2021 2020 459 PC BURG BUSINESS-FORCE Burglary 57 Cultivation 8/15/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 103 Manufacturer 8/18/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 38 Cultivation 8/24/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 66 Cultivation 8/25/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 56 Cultivation 8/29/2021 2018 459 PC BURG BUSINESS-FORCE Burglary 55 Cultivation 9/4/2021 2018 459 PC BURG BUSINESS-FORCE Burglary 111 Storefront 9/5/2021 2019 459 PC BURG BUSINESS-FORCE Robbery 49 Delivery 9/5/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 66 Cultivation 9/6/2021 2018 459 PC BURG BUSINESS-FORCE Burglary 38 Cultivation 9/6/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 67 Cultivation 9/9/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 71 Manufacturer 9/9/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 108 Cultivation 9/10/2021 2020 459 PC BURG BUSINESS-FORCE Burglary 72 Cultivation 9/16/2021 2021 459 (ATTEMPT) Burglary 94 Cultivation
9/17/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 20 Delivery 9/17/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 86 Delivery 9/21/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 54 Storefront

Table F-1
City of Sacramento Comprehensive Cannabis Study
List of Crimes At Cannabis Businesses Reported to City of Sacramento Police Department (2018 - 2021) Date [1] Year Crime [2] Crime Category
Business ID
[3]
Cannabis
Business
Type
10/2/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 71 Manufacturer 10/3/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 85 Cultivation 10/7/2021 2018 459 PC BURG BUSINESS-FORCE Burglary 40 Storefront 10/7/2021 2020 459 PC BURG BUSINESS-FORCE Burglary 53 Cultivation 10/7/2021 2020 459 PC BURG BUSINESS-FORCE Burglary 72 Cultivation 10/7/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 76 Delivery 10/9/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 33 Distribution 10/10/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 22 Cultivation 10/10/2021 2018 459 PC BURG BUSINESS-FORCE Burglary 28 Storefront 10/10/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 32 Microbusiness 10/10/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 98 Storefront 10/13/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 64 Cultivation 10/14/2021 2021 211 PC ROBBERY-UNSPECIFIED Robbery 97 Delivery 10/18/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 76 Delivery 10/30/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 66 Storefront 10/31/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 88 Cultivation 10/31/2021 2018 459 PC BURG BUSINESS-FORCE Burglary 88 Cultivation 11/1/2021 2021 459 PC BURG BUSINESS-FORCE Burglary 67 Cultivation 11/5/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 60 Cultivation 11/5/2021 2019 459 PC BURG BUSINESS-FORCE Burglary 93 Storefront Source: City of Sacramento Police Department, EPS.
[1] Data is current through November 7, 2021.
[2] Burgalry is defined in Section 459 of the California Penal Code. Robbery is defined in Section 211 of the California Penal Code. [3] Each business was assigned an anonymous identifier in order to prevent the publication of confidential or privileged information.