Local & Community

Palm Springs Cannabis Industry Faces Mixed Impact from Tax Cuts and Dispensary Cap

Palm Springs Cannabis Dispensaries On Moratorium, Retail Tax

Five months after the Palm Springs City Council’s decision to reduce taxes and cap new cannabis dispensaries, local businesses are experiencing varied effects. Some, like 808 Brains Dispensary, feel pressure from existing competition despite benefiting from the new regulations. Others, such as Madness Dispensary, appreciate the tax relief, which has eased financial burdens. The city’s proactive compliance efforts aim to ensure stability among operating dispensaries, but the challenge remains for many to stay afloat amid a saturated market.

 

By: NBC Palm Springs

July 17, 2024

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