Q&A
Estimated lost revenue from illegal marijuana shops
0:51:10
·
50 sec
Council Member Brannan inquires about the estimated revenue lost due to illegal marijuana shops. Sheriff Miranda is unable to provide specific figures.
- The Sheriff's Office does not have calculations for lost tax revenue from illegal shops
- Sheriff Miranda is not aware of any entity that compiles these figures
- There is no sales tax on cannabis; revenue comes from the state
Justin L. Brannan
0:51:10
Do we have a sense of how much revenue the city has foregone as a result of the illegal marijuana shops?
Anthony Miranda
0:51:15
I do
Justin L. Brannan
0:51:16
not.
0:51:17
Does DLF calculate the amount of lost tax revenue from the illegal shops?
Anthony Miranda
0:51:21
I do not believe that that is something that can't be calculated based on my knowledge, but that's very limited in that respect.
0:51:27
I don't know if anybody does does those figures, but I'm not aware of anybody putting that together.
Justin L. Brannan
0:51:34
And do we have a number a total number for how much sales tax how much sales tax specifically DOF has collected from the licensed shops?
Anthony Miranda
0:51:43
I do not believe there's any sale tax on the cannabis.
0:51:46
What they do is they get revenue back from the state.
0:51:48
And the state pays the appropriate percentage that's supposed to go back to the city.
Justin L. Brannan
0:51:54
Is there a projected revenue for the legal shops for FY 25?
Anthony Miranda
0:51:58
FY 25 is supposed to be over $10,000,000.
