Desert Hot Springs looks at huge revenue from cannabis

Here’s news about local marijuana revenue in Southern California, from the Press Enterprise, http://www.pe.com/articles/marijuana-800455-city-desert.html?page=2.  All that follows is an excerpt:

Desert Hot Springs is preparing to become what one grower called “the Silicon Valley of marijuana” by granting permits to cultivate. At least one project is expected to start construction in about a month.

. . .

A million square feet of Desert Hot Springs property is projected to be turned into warehouse and growing facilities, and can bring as much as $10 million in tax revenue annually to a city that currently has a yearly budget of $14 million, Mayor Scott Matas said.

There could eventually be as many as 3 million square feet developed over the next 10 to 15 years, Matas said.

“I think we are moving in the right direction,” Matas said in a phone interview on Tuesday, April 19.

“I am a very conservative individual. I have totally done a 180 on my opinion” regarding marijuana, said Matas, who describes himself as a right-of-center registered Republican.

He said one of the larger challenges for the city of 30,000, along with the need for expanded electrical service and infrastructure to support the anticipated marijuana farms, is education for citizens.

http://www.pe.com/articles/marijuana-800455-city-desert.html

 

 

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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