(a) Each Adult Use Marijuana Dispensary operating within the City of Lakewood shall pay to the City an amount equaling 3.6 percent of the dispensary's gross annual sales, which the dispensary shall calculate annually using sales figures from state-mandated reporting or recordkeeping forms, and which the dispensary shall pay to the City no later than March 1 of each year.
(b) If the Host Community Cannabis Fund created by O.R.C. 3780.23 is reduced by the state legislature to an amount less than 3.6 percent of the dispensary's gross annual sales but not completely repealed, the Community Impact Fee under this Section shall be the difference between the reduced Host Community Cannabis Fund amount and 3.6 percent. For example, if the Host Community Cannabis is effectively reduced to 1.5 percent of the dispensary's gross annual sales, the Community Impact Fee under this Section would be 2.1 percent of the dispensaw's gross annual sales.
(Ord. 41-2023. Passed 9-3-2024.)