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The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br /> <br />Request for Action <br /> <br />To <br />City Council <br />Item Number <br />10.1 <br /> <br />Meeting Date <br />January 21, 2025 <br />Prepared By <br />Joe Stremcha, Business Services Director/Assistant <br />City Administrator <br /> <br />Item Description <br />Cannabis Business Plan <br />Reviewed by <br />Cal Portner <br />Tina Allard <br /> <br />Action Requested <br />Review the municipal cannabis business plan and provide direction to staff. <br /> <br /> <br /> <br />Background/Discussion <br />The licensing application window opens on February 18 and closes March 14. <br /> <br />Financial Impact <br />The business plan includes a financial overview for projections and a 2026 budget. <br /> <br />Mission/Policy/Goal <br />Meet changing needs - agile. <br /> <br />Attachments <br />1. Cannabis Business Plan FINAL (January 21, 2025) <br />2. 2025 Cannabis Licensing Timeline <br /> <br /> <br />Page 140 of 155