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Woodlake & Farmersville Pass Cannabis Tax Measures

November 8,2017

Screen Shot 2017-10-25 at 7.58.45 AMVoters 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.

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