San Diego considers raising cannabis business tax — and possibly losing money

 San Diego considers raising cannabis business tax — and possibly losing money

The City Treasurer’s Department says raising the tax could bring in more revenue — or reduce revenue by driving more consumers to the illicit market and lower-tax suburbs.

The San Diego City Council is scheduled Monday to consider raising a citywide tax on cannabis retailers from 8% to 10%.
A staff report
from the Office of the City Treasurer says the move could pro…