DIXON – The Metropolis Council will vote Monday on establishing a three p.c tax on leisure marijuana gross sales forward of the state deadline on the finish of the month.
Marijuana will turn into authorized in Illinois for these 21 and older beginning Jan. 1, and municipalities should resolve this month whether or not so as to add a neighborhood marijuana tax so there’s sufficient time for the Illinois Division of Income to course of it.
Counties and cities are passing ordinances to implement a selected gross sales tax for marijuana merchandise in addition to zoning ordinances that spell out guidelines for dispensaries and on-site smoke lounges. Communities can also select to decide out and shut the door to dispensaries.
Native taxes don’t apply for medical marijuana, and medical dispensaries may have the primary alternative to develop and promote leisure marijuana. The state then plans to grant 75 new licenses in Might for leisure dispensaries.
Solely three of these licenses will likely be granted within the 10-county area that features the Sauk Valley, and the council heard from two individuals thinking about bringing a leisure dispensary to Dixon final week.
Nearly all of the council determined to maneuver ahead with starting to draft ordinances for taxing and zoning following the presentation from April Glosser, CEO of Thrive Market Intelligence administration consulting company in Rochelle, and Eli McVey, a analysis editor on the Denver-based Marijuana Enterprise Day by day publication and former analyst at Thrive.
Town will vote on the utmost allowed marijuana tax for municipalities, three p.c, however state lawmakers have been warning cities in opposition to setting the utmost as a result of sellers are already going through about 40 p.c taxes from the state, and native taxes might push that north of 50 p.c.
The priority is that the taxes will drive increased product costs, and consumers will likely be extra inclined to purchase marijuana merchandise on the black market, reasonably than at authorized dispensaries.