Tax on Costa Mesa cannabis businesses will drop to help with competition

  • Tax on Costa Mesa cannabis businesses will drop to help with competition
  • A business tax on gross sales by Costa Mesa’s cannabis industry will be reduced from 6 percent to 1 percent this week.
  • The City Council approved the reduction March 17 at the request of local business owners, who said they were having trouble competing when other communities had a much lower local tax.
  • I think now more than ever is the time to keep the tax low, Councilman Allan Mansoor said, referring to the extreme reduction in sales stemming from the coronavirus.

Read full article: ocregister.com