Cannabis revenues to drop

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Yet another developer agreement for a cannabis retailer was amended by the City Council on Monday in light of a more local competition which will result in less revenue for the city.

The Ceres City Council voted 3-2 to approve changes to the agreement that allows Pacafi Cooperative, Inc., to pay less in fees to operate its Patient Care First dispensary at 1442 Angie Avenue in Ceres.

At the time of the first developer agreement was inked, the Patient Care First began operating in December 2017 with only selling cannabis to medicinal patients. But it later began selling recreational marijuana after California voters approved recreational cannabis use among adults. In the past three years, other jurisdictions like the city of Turlock and Stanislaus County also followed Ceres’ example and began allowing dispensaries, which have cut into sales.

Continue Reading on Ceres Courier


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