Special Issues Marijuana
TL;DR
The city held a special meeting to explore how to tax and regulate marijuana if it becomes legal. Presentations covered what's legally allowed, how different tax approaches could affect prices and the black market, and how to handle the tax revenue once collected.
Key Decisions
- No formal votes recorded Informational meeting only
Agenda
- Attendance
- Presentations
- 17-0927 Untitled itemPresentation
- The following speakers presented on the topics indicated. David Broadwell, City Attorney’s Office: ◦What is legally possible? •Jeff Romine, Office of Economic Development; Adam Orens, Consultant: ◦Prices of legal & illegal marijuana ◦Implications of taxation policy ◦Tax types and alternatives •Timothy M. O'Brien, City Auditor; Brendan Hanlon, Chief Financial Officer: ◦ Pros & Cons of Earmarking; ◦ Special Revenue Fund •Public Comment Kristi Kelly, Marijuana Industry Group, discussed the down sides of taxing the industry excessively and the potential to push people into the black market. Nick LoVuolo, Five Points, pointed out that Council should be positioning the City to be a leader in the industry when it is leaglized.
- Attendance
- Note