3.4 21-0327 Subject: Repeal On June 30, 2023 The Existing General Business Tax On Cannabis Businesses From: Member Of The Public: Charles Reed Recommendation: The Purpose Of This Measure Is To Amend The Oakland Municipal Code (OMC) To (1) Repeal On June 30, 2023 The Existing General Business Tax On Cannabis Businesses; (2) Adopt On July 1, 2023 A "Cannabis Business Special Tax" At The Same Rates To Provide Community And Economic Development Services And/Or Programs To Address The Racially Inequitable Impacts Of The War On Drugs To Individuals, Families, And Communities In Our City; (3) Deposit The Revenue Of Said Tax Into A Hereby Established "Emerald New Deal Fund", A Special Fund Of The City Of Oakland; (4) Establish A "Planning And Oversight Committee" As A Commission Of The City Of Oakland To Direct And Approve Expenditures Through A Strategic Investment Plan And Manage Other Matters Related To The Emerald New Deal Fund; And (5) Establish An "Office Of Cannabis" To Staff The Planning And Oversight Committee And Manage The New Deal Fund." As Soon As Possible At A Rules And Legislation Committee Meeting