What is Prop M?
Shall the City of Maryland Heights be authorized to impose a local sales tax upon the sale of adult use marijuana in an amount not to exceed three percent provided that, if the rate is reduced or raised by voter approval, the local sales tax shall be reduced or raised by the same amount?
What is Prop M?
In the November 2022 election, a statewide initiative was approved by voters that legalized the adult-use of recreational marijuana and gave cities an opportunity to tax cannabis sales up to three percent (3.0%). This municipal tax would be in addition to the regular sales tax and the six percent (6%) state marijuana tax created by Amendment 3. Just as previous cigarette or alcohol taxes that had to be approved by voters, Prop M is asking voters if they want to allow the city to place a tax of up to three percent on the retail sales of marijuana to adults in the city. If passed, revenue from Prop M will go to General Funds and help pay for public safety, infrastructure, equipment, etc.
There are currently no marijuana dispensaries within Maryland Heights’ city limits. In 2019, Maryland Heights approved two separate medical marijuana dispensaries, but neither companies were able to secure a license from the State of Missouri.
Even if an additional recreational marijuana tax passes, medical marijuana will only be taxed at 4 percent and no additional taxes will be added.
Other cities such as Ballwin, Brentwood, Bridgeton, Clayton, Creve Coeur, Des Peres, Fenton, Ferguson, Florissant, Frontenac, Hazelwood, Kirkwood, O’Fallon, Olivette, Richmond Heights, St. Charles County, University City, and Webster Groves are also considering a recreational marijuana tax on upcoming ballots.
If you have any questions, please contact us here or call (314) 291-6550.
What is Prop M?
In the November 2022 election, a statewide initiative was approved by voters that legalized the adult-use of recreational marijuana and gave cities an opportunity to tax cannabis sales up to three percent (3.0%). This municipal tax would be in addition to the regular sales tax and the six percent (6%) state marijuana tax created by Amendment 3. Just as previous cigarette or alcohol taxes that had to be approved by voters, Prop M is asking voters if they want to allow the city to place a tax of up to three percent on the retail sales of marijuana to adults in the city. If passed, revenue from Prop M will go to General Funds and help pay for public safety, infrastructure, equipment, etc.
There are currently no marijuana dispensaries within Maryland Heights’ city limits. In 2019, Maryland Heights approved two separate medical marijuana dispensaries, but neither companies were able to secure a license from the State of Missouri.
Even if an additional recreational marijuana tax passes, medical marijuana will only be taxed at 4 percent and no additional taxes will be added.
Other cities such as Ballwin, Brentwood, Bridgeton, Clayton, Creve Coeur, Des Peres, Fenton, Ferguson, Florissant, Frontenac, Hazelwood, Kirkwood, O’Fallon, Olivette, Richmond Heights, St. Charles County, University City, and Webster Groves are also considering a recreational marijuana tax on upcoming ballots.
If you have any questions, please contact us here or call (314) 291-6550.