Moline hasn't been collecting tax revenue from its first cannabis dispensary
The mayor made the announcement as the city's second cannabis dispensary opened this month.
Mayor Sangeetha Rayapati says the Moline City Council approved its Cannabis Tax Ordinance in March, 2020. But it wasn't submitted to the state by an April 1st deadline. The mistake means Moline has not collected revenue from its 3% tax from sales at Terrace Cannabis. It opened last summer and is located on the Avenue of the Cities.
Moline staff recently discovered the error when asking the state about tax revenue distribution from marijuana sales. Rayapati says the city has since filed the ordinance with the state. But it won't receive any of the money until next July. The mayor says the city is exploring ways to collect it earlier. And she's increasing oversight to prevent similar mistakes.
The city's second cannabis store, Revolution Dispensary, opened last week on 44th Street.