November 8,2017
Voters in Farmersville and Woodlake approved measures in each community that will tax commercial cannabis growing operations within the city. In Farmersville, Measure Q passed with 66.21 % of the vote,192 to 98. In Woodlake Measure S passed with 71.1% of the vote,246 to 100.
Each town also approved an increase in city sales taxes as well.
The Woodlake pot measure authorizes the city to levy a local tax on marijuana businesses at a maximum rate of 10 percent of gross receipts or $25 per square foot, with revenue deposited into the city’s general fund and with no automatic sunset date.
In Woodlake a developer has filed plans for a growing operation in the city industrial area. Revenue from taxes on the operation will help the city balance their budget say officials.
A similar outcome is expected in Farmersville.