Sonoma County legal weed businesses face hard financial times despite recently reduced tax

  • 📰 KPIXtv
  • ⏱ Reading Time:
  • 19 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Marijuana News

Small Business,Taxes,Sonoma County

Sonoma County supervisors on Tuesday took the unusual step of voting to reduce taxes on cannabis production, recognizing that the industry has hit hard times.

While the tax cut will help, legal weed growers argue if county legislators really wants pot cultivation businesses to survive, they shouldn't be taxed at all. Erich Pearson ducks into his Glen Ellen cannabis nursery to examine the rows of potted plants used as growing stock for next season's crop. When his company SPARC began operating, he figured officials were overestimating what the value of cannabis would be to Sonoma County .

But cannabis is taxed four times in Sonoma County from the time it's grown to the time it's sold. Pearson said he pays more than $90,000 in taxes for his three acres. Meanwhile the hillsides are covered with grapevines that are not taxed at all.'There is no agricultural crop in Sonoma County that is taxed, except for cannabis,' said Pearson.

Small Business Taxes Sonoma County

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 443. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wine Tasting Event in Sonoma CountyJoin in for a one-of-a kind afternoon of wine tasting, appetizers, & live entertainment, featuring some of the best Sonoma County Wineries!
Source: SAcurrent - 🏆 607. / 51 Read more »

Groups seek to ban large-scale animal farming in Sonoma CountyAnimal rights activists are promoting a ballot initiative that would ban factory farming in Sonoma County. Large farming interests are not happy.
Source: latimes - 🏆 11. / 82 Read more »

Restrictions on size of CAFO animal farms in Sonoma County to be decided by votersSonoma County voters will be asked this November if they want to restrict the size of animal farms.
Source: KPIXtv - 🏆 443. / 53 Read more »

Coo over precious ‘Barnyard Babies' on this Sonoma County Farm Trails tourGo 'bee'-hind the scenes to learn about beekeeping, cheesemaking, and the agrarian experience.
Source: NBCLA - 🏆 319. / 59 Read more »

Sonoma Co. Animal Services asking for public's help with shelter overflowingAt Sonoma County Animal Services, the shelters have never been more full.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

TxDOT closing some lanes of I-35 Tuesday on NE Side Tuesday for construction workThe two left lanes of the north and southbound main lanes of Interstate 35 from Walzem Road to Weidner Road will be closed until 3 p.m. on Tuesday. Crews are installing new lighting on that section of the interstate.
Source: ksatnews - 🏆 442. / 53 Read more »