License fees should drop
Photo: The Canadian Press
A report to council recommends the city of Vernon reduce the cost of business applications and annual license fees for cannabis retail stores.
The report recommends cutting the application fee in half, from $5,000 to $2,500.
Additionally, the administration recommends that the city’s annual license fee also be reduced to match the retail liquor store rate.
Analysis shows cannabis retail license fees in the Okanagan vary widely, with Kelowna being the highest at $9,975.
“From a resource utilization perspective, the amount of administrative resources required to process a typical cannabis retail store application falls between that of a Development Exemption Permit and a rezoning application. , which cost $1,100 and $1,400, respectively,” the report to the board noted. .
Both of these fees are currently being reviewed through the lens of a cost-recovery or “user-pay” model, which will likely lead to increased fees for both processes in the future, the report adds.
The Board will consider the changes at its meeting on Monday.
Other regulatory options will be presented to the board on January 24.