Deep roots harvest wendover7/5/2023 ![]() Mesquite council continues to wrestle with marijuana revenueĭeep Roots CEO asks to meet with council to discuss school funding Across Nevada Mesquite council to reconsider fund to aid local education The fund would be used to supplement local education needs and would also be advised by the CEAB. 526 proposes creating a fund using 16.67 percent (or one half of one percent of the three percent business license fee) of all revenue generated from cannabis establishments in Mesquite. ![]() The resolution states that any revenue collected by the city in excess of the already allocated $240,000 - but not exceeding the amount of $60,000 - will be placed in a fund that would be advised by the Virgin Valley Community Education Advisory Board (CEAB). 941 proposes putting up to $60,000 in a special trust for the 2017-18 fiscal year, then revisiting how to officially allocate funds during next year’s budget sessions. Those who have argued against allocating a fraction of the percentage to schools right now say that it’s too early to tell what that amount will equate to. Those city councilors in favor argue that the spirit of legalizing cannabis for adult use when it was voted on by Nevadans last November was to support education through revenue. The semantics have been the center of the debate. All city council members have stated they are in favor of providing additional money to the schools. Any money after that still goes to the city but hasn’t been allocated for any budgetary purpose.Ī months-long debate over taking one half of 1 percent of the 3 percent business license fee to supplement local education has dominated recent city council meetings. The first $240,000 the city collects from Deep Roots this year will go into the general budget. ![]() $12,500 for the dispensary’s renewal fee.$76,909.77 from recreational cannabis sales.Here’s how the $132,468.14 collected by the city breaks down: Watch Video: Watch: What to know when buying legal weed in Nevada Inside the numbers ![]()
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