Posted by: News_Desk on 08/16/2017 03:01 PM
Updated by: News_Desk on 08/16/2017 03:01 PM
Expires: 01/01/2022 12:00 AM
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U.O.P. Publishes Study of the Fiscal Impact of Cannabis Regulation on the Calaveras County Budget
Stockton, CA...The University of the Pacific Center for Business and Policy Research published a comprehensive study of the fiscal impact of regulated cannabis on the Calaveras County budget. The study demonstrates that regulating commercial cannabis is estimated to generate between $7.2 million and $15.9 million in net revenue for the County after accounting for additional County costs that would result from the cannabis regulation program. This net revenue represents between 12% and 25% of the County general fund and thus would make a substantial difference to the County’s efforts to resolve its structural deficit and improve a range of public services.
Click Above for a Copy of the Study.
Based on contributions to the County General Fund via cannabis excise taxes and fees charged to cannabis businesses, the local medicinal cannabis industry is the single largest industry in the County, and brings in more revenue than any other. These revenues help balance the budget, fund eradication efforts, fund public safety projects, pay for roads, help the County rebuild from the Butte Fire and fully recover from the Great Recession.
This is the second study that The University of Pacific Center for Business and Policy Research has published this year regarding the impacts of the cannabis industry on Calaveras County. In February, “An Economic Impact Assessment of the Cannabis Cultivation Industry in Calaveras County” was published, which found the industry to be
the largest in the county, comprising 19% of the local economy, and 21% of local employment.
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For more information about the Calaveras Cannabis Alliance, please call or e-mail
Executive Director, Trevor Wittke
For more information about the findings and methods of this study please contact Dr.
Jeffrey Michael at the University of the Pacific, Center for Business and Policy Research
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