Amount of business tax owed.
Riverside Municipal Code § 5.78.080
in effect5.78.080 - Amount of business tax owed.
A. Every person engaged in cannabis business in the City shall pay, for the privilege of operating a cannabis business in the City, a business tax at a rate of up to ten percent of gross receipts. The tax under this chapter shall not be imposed on cannabis businesses unless and until the City Council, by resolution, takes action to set a tax rate not to exceed ten percent of gross receipts.
B. Notwithstanding the maximum tax rate of ten percent of gross receipts established under subsection A, the City Council may, in its discretion, at any time by resolution, implement a lower tax rate for all cannabis businesses or establish differing tax rates for different categories of cannabis businesses, as defined in such resolution, subject to the maximum rate of ten percent of gross receipts. The City Council may, by resolution, also increase any such tax rate from time to time, not to exceed the maximum tax rate of ten percent of gross receipts established under subsection A.
(Ord. 7661, § 1(Exh. A), 4-9-2023)
Source: City of Riverside, California, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT5BU_CH5.78CABUTA_5.78.080AMBUTAOWFetched: 11/1/2026