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81 City Council. <br />82 <br />83 Budget Implications <br />84 There are no budget impacts related to the drafting of ordinances. There are fee <br />85 implications related to retail registration should the City elect to register businesses rather <br />86 than defer that responsibility to Ramsey County. Retail sales of taxable cannabis products <br />87 are subject to the state and local sales and use tax and a 10% gross receipts tax. 20% of <br />88 cannabis gross receipts tax proceeds are allocated to the local government cannabis aid <br />89 account, where 50% is distributed to counties and 50% is distributed to cities in June and <br />90 December. <br />91 <br />92 Staff Recommendations <br />93 Review the information and provide feedback. <br />94 <br />95 Requested Council Action <br />96 Review the information and provide feedback. <br />97 <br />98 <br />Janice Gundlach, Community Development Director <br />Prepared by: <br />1. A Guide for Local Minnesota Governments on Adult-Use Cannabis <br />Attachments: <br />2. City Attorney Cannabis Decision Memo <br />3. Licensed Activities Table <br />4. Presentation Slides <br />99 <br />Page 3 of 3 <br />Qbhf!:!pg!26: <br /> <br />