Contra Costa managers to go over marijuana ‘neighborhood advantage’ costs

The Contra Costa County Board of Supervisors is set to go over on Tuesday developing a procedure for authorizing expenses of “neighborhood advantage” funds to be gotten from business marijuana services that wind up opening and operating in the county.

The Seal of Contra Costa County.

In December 2019, the managers picked 4 services to obtain shop retail marijuana services, and 7 more to obtain land usage allows for business marijuana growing. 6 of those propositions, consisting of all 4 of the potential shop operations, consisted of proposed monetary “neighborhood advantage” contributions.

If each of those 6 operators eventually opens for service, after a number of years, the overall yearly quantity of neighborhood advantage cash to be gotten by the county might be as high as $650,000 a year, above and beyond profits the county would obtain from the County’s Marijuana Service Tax, sales tax and other sources.

The very first neighborhood advantage payment is not anticipated to be sent to the county up until 2022 at the earliest.

Tuesday’s managers fulfilling starts at 9:30 a.m., and like nearly all public governmental conferences nowadays, will be held over Zoom.

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