In 1996 voters passed Proposition 215 which made California the first state to
legalize medical cannabis. In 2016 Proposition 64 appeared on the November
ballot and passed with 57% voter approval. This allows for the
recreational use of marijuana with licensing, taxation and regulation
carried out by several state agencies. Commercial sales commenced on January
1st of 2018. I've worked in a lot of other jurisdictions and I've worked in
other industries and I would say that this is probably one of the most logical
and sensible civic organizations and civic leaders that I've had the pleasure
to work with. My name is Tim Wright, I own the Queen of Dragons dispensary here in
the city of Shasta Lake and then I also in 173 acres of industrial park in
Shasta Lake, which we're going to be developing into a cannabis campus.
Right now we have our license for 200,000 square feet of cultivation
canopy in the industrial park, we have our extraction license, we have a
manufacturing, we have a distribution license and a nursery license. We're very
excited about putting that in place. It's gonna be a great economic development
program here for the city of Shasta Lake creating a lot of jobs, a lot of tax base.
We're working through the Planning Commission right now to get to the final
approvals for our project description. There's lots of process and lots of
conversation and lots of evaluation that takes place through these types of
programs and the city has been a very sensible, our planning department our
Planning Commission's been very sensible about how they evaluate and review these
programs and we're there, we're getting close. The city worked with SCI
Consulting to draft provisions into its municipal code for taxation on
commercial cannabis cultivation, manufacturing and dispensaries. Cannabis
revenue or what we call a special business tax revenue, the city
implemented it in 2015 and during 2015 fiscal year the city saw one hundred and
eighty eight thousand dollars in cannabis revenues and this this goes
back to just the medical marijuana. In 2016
the city saw four hundred and sixteen thousand dollars in cannabis revenue and
in fiscal year 2017, revenues continued to grow in the city saw five hundred and
seventy one thousand dollars in cannabis revenue. For 2019 we're only part way
just beginning the year but revenues are at a hundred and sixteen thousand as of
early first week of September and we're excited, we're optimistic that
the revenue will continue to grow which will allow for future growth of the city


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