Palm Springs council cuts cannabis tax, extends dispensary moratorium

With the Coachella Valley’s cannabis industry facing what local officials and business owners describe as a struggling, oversaturated market, the Palm Springs City Council opted Thursday to cut retail taxes for marijuana sales in half while extending a moratorium on new dispensaries for four years.

The 4-0 vote during Thursday’s meeting came several months after the council agreed to place a short-term moratorium on any new cannabis dispensaries that was later extended until October 2024.

The council also decided Thursday against placing a cap on the number of permitted dispensaries within city limits for now, and it also opted against implementing any distribution taxes on cannabis companies, after several stakeholders pushed back on the idea.

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