Redding cannabis tax doing well in early returns


    Initial election returns show voters in Redding support a tax on cannabis cultivation businesses in the city. Nearly 76 percent of early returns support the new tax. The current proposed rate is 5 percent on gross receipts for those businesses.

    City officials estimate the tax could bring in as much as $750,000 to city coffers.

    The City of Shasta Lake set a 6 percent gross receipts tax on pot businesses. Nearly $388,000 has been collected in the city in the second quarter.

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