Measure T - City of Hermosa Beach
Shall an ordinance be adopted enacting a local business tax on cannabis/hemp businesses up to $20.00 per square foot for cultivation and up to 10% of gross receipts for all other cannabis/hemp businesses, estimated to generate $700,000 - $1,500,000 annually (assuming two retail stores operating and taxed at maximum rate), until ended by voters, for general governmental use, subject to independent audits, to be effective only if cannabis business operations are allowed in the City?
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