A.To impose an excise tax on the privilege of transporting, dispensing, manufacturing, producing, processing, preparing, storing, testing, providing, donating, selling, or distributing cannabis or cannabis products by commercial cannabis businesses in the City, pursuant to the State Medicinal and Adult Use Cannabis Regulation and Safety Act, California Business and Professions Code Section 26000, Proposition 64, approved by the voters in November 2016 and as amended to date (“MAUCRSA”), which legalized and regulates adult use of cannabis in California, and other applicable law as it now exists or may hereafter be adopted;

B.To impose a general tax that generates revenues which may be used for any lawful purpose of the City in the discretion of the City Council;

C.To specify the type of tax and rate of tax to be levied and the method of its collection; and

D.To comply with all requirements for imposition of a general tax.