By 420 Intel on Thursday, 28 October 2021
Category: Business News - 420 Intel

Grover Beach plans to attract more businesses with reduced cannabis tax

Producing and distributing pot in Grover Beach is about to be more pocket-friendly thanks to a new drop in commercial cannabis tax.

The Grover Beach City Council unanimously greenlit the plan at its Oct. 25 meeting to attract businesses in the cannabis industry to the beach city. Grover Beach's cannabis industry has been expanding ever since its first legal marijuana business opened in May 2018. In fiscal year 2020-21, the city raked in $2.4 million in cannabis revenue. It's a major leap from the $16,359 the fledgling industry generated that first year.

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