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75F - PH CANNABIS BUSINESS INTEGRATION
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75F - PH CANNABIS BUSINESS INTEGRATION
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Last modified
5/30/2019 7:29:08 PM
Creation date
5/30/2019 7:13:39 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
75F
Date
6/4/2019
Destruction Year
2024
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(6) "Distribution" as defined in section 40-2(16) of this Code. <br />(7) "Gross receipts" — section 21-3 of this Chapter notwithstanding, "gross <br />receipts" for the purposes of this Article shall mean: <br />(A) Transfer of title or possession, exchange or barter, conditional or <br />otherwise, in any manner or by any means whatsoever, of tangible <br />personal property for a consideration including any monetary <br />consideration for cannabis, including, but not limited to, <br />membership dues, reimbursements provided by members, <br />regardless of form, or the total amount of cash or in -kind <br />contributions, including all operating costs related to the growth, <br />cultivation, manufacturing, distribution, testing, or provision of <br />cannabis or any transaction related thereto. <br />(B) Anything else of value obtained by an a cannabis business; <br />(C) The total amount of the sale price of all sales and services; <br />(D) The total amount charged or received for the performance of any <br />act, service or employment of whatever nature it may be, whether <br />or not such service, act or employment is done as a part of or in <br />connection with the sale of goods, wares, or merchandise (whether <br />at wholesale or retail), for which a charge is made or credit allowed, <br />including all refunds, cash credits and properties of any amount or <br />nature; <br />(E) Any amount for which credit is allowed by the seller to the <br />purchaser without any deduction therefrom, on account of the cost <br />of the property sold, the cost of materials used, the labor or service <br />cost, interest paid or payable, losses, or any other expense <br />whatsoever; provided that cash discounts allowed or payment on <br />sales shall not be included; <br />(F) The amount of any federal manufacturer's or importer's excise tax <br />included in the price of property sold, even though the manufacturer <br />or importer is also the retailer thereof and- vihether or Ret the <br />(G) The amount of any California state cannabis excise tax or state <br />cannabis cultivation tax regardless of whether Pr not the arneuRt ^s <br />eh. pxnmqp tRx n.r ^,d"dy^ti^^ tax 4aincluded in the price of the <br />product ^ ^tat^a te ^ ,^t^mem as a sepaFate ^tie.^^. <br />(H) "Gross receipts" shall not include the following: <br />i. The amount of any federal tax imposed on or with respect to <br />retail or wholesale sales or the sale of services whether <br />0 <br />75F-15 <br />
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