Woodlake approves site plans for Bosky Genetics Cannabis Facility, licensing process and building permits remain
WOODLAKE – Adding to its fast-growing repertoire of cannabis businesses, Woodlake approved site plans for Bosky Genetics Cannabis Facility at the July 21 city council meeting.
The cannabis cultivator plans to construct a new warehouse on Lago Avenue where they will grow marijuana in a climate-controlled setting. Jason Waters, Woodlake’s community services director, said the building permits will be the longest wait to get the new-build cannabis cultivator up and running.
“Honestly, with the [cannabis] conditional use permit, within 60 days we can get through that process,” Waters said.
Part of the cannabis industry’s flock to Woodlake comes from the city staff’s ability to help business through the local and state cannabis permitting processes quickly. In addition to the conditional use permit, a regulatory cannabis permit is needed to allow the business to operate within the city, as well as a state license to operate a cannabis business.
Since passing Measure S—a local tax on marijuana businesses at a maximum rate of 10% of gross receipts or $25 per square foot—in 2017, the city has amassed about $1.5 million in marijuana tax revenue. About $880,000 that has been reinvested into parks and recreation. The city has even landed $600,358 from the state’s Prop. 64 Public Health and Safety Grant Program—which awards money from the state’s cannabis tax and fee revenues to cities that allow for commercial cultivation and retail sales of cannabis—and will open a Boys and Girls Club with the funds.
Woodlake’s current cannabis tax rates sit at 5% of gross receipts and $6.00 per square foot for cultivation, but that doesn’t include the heap of annual regulatory fees for operating marijuana businesses within the city. Retail calls for $10,144 annually, manufacturing $20,234, testing labs $4,450, distribution $4,454 and cultivation—$10,139 for up to 5,000 square feet, $15,209 for up to 22,000 square feet.
As of now, Bosky Genetics Cannabis Facility will pay the city cultivation and gross receipts taxes. Some businesses, like the upcoming Consolidated Gardens, approved in March by the planning commission, check multiple boxes—four in the case of Consolidated Gardens, approved for conditional use permits for cultivation, distribution, manufacturing and non-storefront retail. Woodlake gives a 10-15% fee reduction for combining two or three licenses respectively.