Council passes cannabis tax revenue to nonprofits for another year, plan to find new funding sources

Council passes cannabis tax revenue to nonprofits for another year, plan to find new funding sources

SOUTH LAKE TAHOE, Calif. – City council deliberated on what to do with the previous funding source that came from taxing cannabis businesses, which funded organizations like the Tahoe Alliance for Safe Kids (TASK) and Tahoe Youth and Family Services’ prevention programs. Mayor Cody Bass recused himself from the item. Council had previously cut the tax rate on cannabis businesses to 3% in November. Even cannabis business owners like Cannablue CEO…