Rockland proposes policy for using proceeds from marijuana dispensaries – The Patriot Ledger

Wheeler Cowperthwaite   | The Patriot Ledger

ROCKLAND — Rockland will receive up to $500,000 this year from the two recreational marijuana dispensaries that have opened since last August, but the town needs a policy to use the money.

Voters will be asked at the May 3 town meeting to set up a special fund for the proceeds the town receives from its host community agreements with marijuana dispensaries.

More: What you need to know about South Shore spring elections, town meetings

Town Administrator Doug Lapp said the two-page policy he is proposing would create a stabilization fund to hold the funds. How much the town gets from each dispensary is based on a percentage of sales, 3 percent, and is capped at $500,000 a year.

The policy is required both by the state Cannabis Control Commission as well as the state Department of Revenue, he said.

Lapp said the money the town receives per its community host agreements are “impact fees,” meaning they are supposed to be used to offset any costs the town incurs because of the dispensaries.

The Rockland Board of Selectmen voted on March 2 to put the policy on the town meeting warrant. Some of the possible uses of the money

Read More Here…

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Bud Digest

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top