THREE PERCENT SALES TAX ON RECREATIONAL WEED PROPOSED
There aren’t currently any operating marijuana dispensaries within Platte City, though one may be on the way.
The City of Platte City is preparing for the future by proposing a three percent sales tax on adult use marijuana. Voters will decide on the issue at the April 8 election.
The three percent local sales tax on recreational marijuana is allowed by state law. Multiple cities in the area, such as Parkville and Riverside, have already approved a three percent tax on weed.
On Nov. 8, 2022, Missouri voters approved a statewide amendment to allow adults to purchase, possess and consume marijuana products and to permit the regulated sale of marijuana products to Missouri adults subject to certain restrictions. The Constitutional Amendment authorizes local governments to assess an additional sales tax on adult use marijuana. The amount of the local sales tax on marijuana cannot exceed three percent.
Tom Cole, city administrator for Platte City, estimates the three percent sales tax on marijuana could eventually produce around $63,000 in additional sales tax revenue for the city.
“That estimate is on the low side,” Cole said during a Dec. 17 aldermen meeting.
If voters approve the tax, Cole said the marijuana tax revenue will go into the city’s general fund.
While Platte City does not currently have a recreational marijuana dispensary in its city limits, Cole said there are discussions of one opening along the 2700 block of Running Horse Road in a business strip there. The dispensary, if/when it opens, would be at the opposite end of the strip from where Tanner’s formerly operated.
The spot where the dispensary may open has in the past been home to liquor store and cigarette outlet.
In a related matter, Cole said no business is currently operating in the spot vacated by Tanner’s sports bar recently. Tanner’s closed several months ago after a small fire in the kitchen and has never reopened.
