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County Reports Unexpected Drop in Cannabis Tax Revenue for 4th Quarter, Joins CA Cannabis Authority

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County Reports $5.1 Million in Cannabis Taxes for 3rd Quarter

County Reports $5.1 Million in Cannabis Taxes for 3rd Quarter
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Cannabis Taxes Total $2.6 Million for Latest Quarter in Santa Barbara County

Housing and Development Newsletter
There are applications for more acreage than is allowed under the county cultivation caps of 1,575 acres for inland areas and 186 acres for the Carpinteria area.
“Not all applicants will be able to reserve their acreage under the restrictive caps that the board has adopted,” Yee said.
Running up against the acreage cap is a big issue as the operators that obtain their acreage aren’t necessarily the ones that started the application process first, First District Supervisor Das Williams noted.
“The question is, is a system that parcels the acreage to them the fairest, or is there anything else that we should do?” he asked, tossing around the idea of shrinking some of the larger operations. ....

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Cannabis Taxes Total $4.2 Million for Latest Quarter in Santa Barbara County

Housing and Development Newsletter
There are 270 acres of cannabis cultivation in the county associated with active state licenses (not all of those operators have local permits), and the majority of those operations are in the Lompoc, Santa Ynez and Carpinteria valleys, Yee reported.
Planning and Development issued four new land use permits, for a total of 21 to date. The majority of land use applications for growing marijuana are still in the review process.
There are applications for more acreage than is allowed under the county cultivation caps of 1,575 acres for inland areas and 186 acres for the Carpinteria area.
“This indicates that not all applicants will be able to reserve their acreage under the respective caps,” Yee said. ....

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County cannabis tax revenue doubled in the last year, but challenges still exist | News

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By Kasey Bubnash
Applications for cannabis grows and storefronts continued to pour into Santa Barbara County during the first quarter of fiscal year 2020-21 along with a significant increase in tax revenue all despite this year’s pandemic-induced economic downfall. Still, county leaders and staff say there are a number of issues related to the emerging industry that have yet to be fully smoothed out.
GETTING GREEN
From July 1 to Sept. 30 of this year, the county received about $4.2 million in cannabis tax revenue, down slightly from the last quarter’s $5.5 million but up from other past quarters.
FILE PHOTO ....

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