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San Francisco moves to delay its cannabis business tax to give legal dealers a boost

admin by admin
December 7, 2021
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San Francisco moves to delay its cannabis business tax to give legal dealers a boost

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“I don’t believe that we can sustain over an 80% reliance on residential tax revenue for the kind of county we want to live in. I think it’s difficult. And so, my main goal, as I campaigned on, has been to increase our commercial tax base,” Wheeler said.

According to the PW Digital Gateway application, at full build-out, the development will generate an estimated $700 million per year in real estate and computer property taxes. So far, no independent analysis has been done to verify that claim. But the developers point to Loudoun County for comparison, where 25 million square feet of data centers contributed $586 million in local taxes in 2021.

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