Ordinance 2019-1776 - Laserfiche WebLink

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B Retail marijuana shall have the same meaning as defined in C.R.S § 39-28 8-101(7) C. Sale means any exchange or barter, in any manner or by any means whatsoever, for consideration. D Transfer means to grant, convey, hand over, assign, sell, exchange, or barter, in any manner or by any means, with or without consideration, any unprocessed retail marijuana or retail marijuana product from one licensee to another or to a consumer A transfer includes the movement of retail marijuana or retail marijuana product from one licensed premises to another, even if both premises are contiguous, and even if both premises are owned by a single entity or individual or group of individuals and also includes a virtual transfer that is reflected on the Marijuana Inventory Tracking Solution ("MITS") .system, even if no physical movement of the retail marijuana occurs. E. Unprocessed retail marijuana means all retail marijuana that is first transferred by a retail marijuana cultivation facility to a retail marijuana store or a retail marijuana products manufacturing facility, even though it may have gone through some processing, and even though it may be subject to further processing by another licensee Sec. 3.32.030. Imposition and rate of tax, vendor liable for tax. A. In addition to any other tax imposed by law, there is levied and shall be paid and collected an excise tax of five percent (5%) on the average market rate of unprocessed retail marijuana that is first sold or transferred from a retail marijuana cultivation facility located within the City The excise tax shall be levied and owed irrespective of where delivery takes place B Each retail marijuana cultivation facility shall collect, remit, and pay the excise tax on the first sale or transfer of unprocessed retail marijuana. Sec. 3.32.040. Taxes collected are held in trust. All sums of money paid by a person as the additional excise tax imposed by this Chapter are pubhc monies that are the property of the City The person required to collect and remit the additional excise tax shall hold such monies in trust for the sole use and benefit of the City until paying them to the City Sec. 3.32.050 Licensing; filing of returns, recordkeeping. A. Every person with a duty to collect the excise tax imposed by this Chapter shall obtain a license as set forth in Section 3.20 402 of this Code to Ordinance No 1776 Series 2019 Page 4 of 8