Item Coversheet

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

Subject:Information on Cannabis Related Revenue for Quarter Ending March 31, 2020
Meeting Date:May 7, 2020
From:Marissa Trejo, City Manager
Prepared by:Jasmin Bains, Financial Services Director

I.    RECOMMENDATION:



II.    BACKGROUND:



III.   DISCUSSION:

Cannabis Revenue Raising Fee

 

Projected:  $188,750

Received:  $154,148.22

 

Cannabis Regulatory Licensing Fee

 

Projected:  $508,000

Received:  $212,466

 

As a reminder, these quarters are paid in arrears. 



IV.   ALTERNATIVES:



V.    FISCAL IMPACT:

ATTACHMENTS:
File NameDescription
Cannabis_Related_Revenue_FY2019-2020_03-31-2020.pdfCannabis Related Revenue March 31, 2020