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STAFF REPORT - CITY COUNCIL/SUCCESSOR AGENCY/PUBLIC FINANCE AUTHORITY

Subject:Review and Approve Regulatory Permit for Next Green Wave
Meeting Date:March 7, 2019
From:Marissa Trejo
Prepared by:Darren Blevins, (I) Chief of Police


I.    RECOMMENDATION:

Review and approve staff recommendation to issues a cannabis regulatory permit for Next Green Wave.

II.    BACKGROUND:

This is the final step in the regulatory process defined by the municipal code.

III.   DISCUSSION:

Next Green Wave was is a company that has built in the industrial park. This company has successfully completed the commercial cannabis background process and has been approved by the Planning Commission at its meeting on February 26, 2019. Staff recommends that the Council approves the issuance of a regulatory permit.

IV.   ALTERNATIVES:

Do not issue a regulatory permit.

V.    FISCAL IMPACT:

This project is subject to cannabis licensing and per square foot taxes. Once open this project will be a revenue generator to the General Fund.
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