All eight of the new licenses will be reserved for “equity” business owners that have lower net worths, whose family has been affected by the war on drugs or who meet other metrics outlined in the city’s cannabis equity program.
The new licenses would be prioritized for applicants who have been shut out of the industry and allow them to operate closer to schools, playgrounds and the city’s beaches.
A decision on how and where they’ll be able to operate and whether the industry will be taxed more is still months away.
The City Council on Tuesday will consider an ordinance allowing eight additional licenses, but also increasing the cannabis tax rate by .25%.
The report said that the city could support eight new dispensary licenses that would be set aside for equity applicants despite respondents to a city survey showing support for about 34 additional licenses.