AgdaPkt 2020-10-26 Joint SA PFA - Laserfiche WebLink

Browse Search

8.B. - Page 8 of 48 Cannabis Business Permit Application Process for Storefront Retail Appeals (Hearing Officer) Regarding the review criteria for applications, staff is considering: 1. Neighborhood Compatibility which would evaluate the applicant's policies and procedures to be a good neighbor, address complaints related to loitering, noise, light, odor, vehicle and pedestrian traffic, and avoid becoming a nuisance or having impacts on its neighbors and the surrounding community 2. Location which would evaluate the overall proposed property, building, and floor plan 3. A Business Plan that would evaluate the owners' experience and the business' finances, daily operations, pro -forma, and proof of capitalization 4. A Labor Plan which would evaluate the business' local hiring, living wage, and employee benefits, and whether the business' ownership and hiring practices benefit communities in Redwood City that are marginalized and disproportionately impacted by the war on drugs 5. and 6) A Security Plan and a Safety Plan which would evaluate how the business will comply with the operating requirements in the City's Municipal Code and the City Manager's Regulations, including security -related requirements such as limited -access -areas, employee badge requirements, video surveillance, security personnel, locks, alarms systems, track and trace system, inventory reporting, destruction and waste disposal procedures, and 6. A Community Benefits and Investments Plan which would evaluate the benefits the business will provide to the local community, for example by directly aiding, participating in, or funding the work of local non -profits, civic organizations, or social services organizations. FISCAL ANALYSIS HdLprovided preliminary revenue projections based upon certain assumptions and confidential data collected from cannabis storefront and non -storefront retailers in the Bay Area as well as other market trends. The prevailing cannabis excise tax rate in other communities in the state is 4-6% and the City's current cannabis excise tax rate for non -storefront and retail cannabis sales is 4%. Staff recommends taxing both non - storefront and retail cannabis sales at the same level, and taxing both at 4%. No further action is needed by the City Council if the City Council agrees with this approach. As an alternative to the staff recommendation, the City Council could consider establishing a cannabis tax at 5 or 6%, to stay within the prevailing rate, or at a rate of up to 10% as allowed under the cannabis tax ordinance. The table below estimates the potential revenue that could be generated from the City Excise Tax, the 1% City Sales Tax and Measure RR 0.5% transaction tax for up to six storefront retailers. Page 8 of 12 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 481