![]() Meanwhile, the state collects a 6.25 percent tax on sales, which generated $122 million in revenue from the first two fiscal years of legal recreational cannabis sales. The fee is intended to offset impacts from the cannabis business in the community. In addition to a local sales tax of up to 3 percent, state regulations for cannabis businesses allow municipalities to impose a Community Impact Fee on cannabis-related businesses, also up to 3 percent of sales. This will be an inclusive and thoughtful process and we are looking forward to the results.”įunds available to the town from Theory Wellness amount to about $185,000, based on its first quarter of operation in early 2019. “This group now has the important task of matching these funds with worthy local causes and organizations and making formal recommendations to my office. “We were impressed that about 20 people applied to serve on this committee, and we are grateful for their interest, said Town Manager Mark Pruhenski. Rebelle, a South Main Street shop, has just recently opened. Several other retail operations are in various stages of the state approval process, preliminary planning or final construction. Just one retailer–Theory Wellness-has been the only retail store in town until just recently, and its Community Impact Funds are now available for distribution in FY21. How should the town spend nearly $200,000 in revenue in community impact funds generated by local cannabis sales?Ī five-member committee has been named to help answer the question: town residents Rebecca Gold, Tim Eustis, Sally Michael Keyes, Garfield Reed and Holly Hamer will review community funding requests and make recommendations. ![]()
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