Los Angeles cannabis businesses are now on the hook for “tens or hundreds of thousands of dollars” in extra annual fees.
That’s after the City Council approved across-the-board hikes for inspections, license renewals, and other requirements on Tuesday.
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As the Los Angeles Times reported, city officials said the fees are necessary to cover declining marijuana tax revenue.
But harried cannabis businesses say the added costs, coming amid slumping sales, will be “disastrous.”
“There’s nowhere to pull the money from,” Luis Rivera, who operates a delivery service in Sun Valley, told the Times.
“The fees will be disastrous.”
‘New and very expensive’ costs for marijuana businesses
According to an analysis from Manzuri Law, an L.A.-based firm that specializes in cannabis business, the city Department
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