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Town Administrator James Boudreau told the Norwell selectmen that town officials have begun meeting with companies interested in possibly opening a medical marijuana facility in town.
"We've met with at least four different companies that are looking to open either a dispensary, a manufacturing center or both in the town of Norwell," Boudreau said Wednesday night.
In May, as many cities and towns were imposing moratoriums on medical marijuana facilities, Norwell became the first town on the South Shore to pass zoning bylaws for dispensaries and manufacturing centers.
Under the rules, there are only two places in Norwell where medical marijuana facilities can operate: Accord Executive Business Park and Assinippi Industrial Park. In addition, medical marijuana facilities cannot be within 500 feet of a home, school or day care center.
During the meeting Wednesday night, Boudreau said that any dispensary that opened in Norwell would, as a non-profit organization, have to invest its profits back into the community, but how much money the town would receive would depend on who opens the facility.
"Some have given us business plans that show the town would receive a significant payment from these companies," he said. "Others have given us a business plan that says you'll get something, but it wouldn't be a whole lot."
Companies interested in opening a medical marijuana facility in Massachusetts have until the end of the day today to file an application proving that they have at least $500,000 in available capital. Applications go to the Department of Public Health.
Companies whose applications are approved by the state will then have to file a site-specific application. Such an application must be accompanied by a letter of support from the community where the facility is proposed.
Boudreau advised selectmen to obtain a binding agreement outlining what the town would receive from a company before issuing a letter of support for a medical marijuana facility.
During the meeting, board members expressed a desire to derive the maximum economic benefit from any opening of a facility in Norwell.
"There's no reason to have a facility here other than the economic benefit of it," Selectman Gregg McBride said. "Whatever one maximizes our benefit is the one I'm going to be in favor of."
News Hawk- Truth Seeker 420 MAGAZINE ®
Source: wickedlocal.com
Author: The Patriot Ledger
Contact: Norwell Mariner Contact Us
Website: Norwell draws interest as possible site for marijuana facility - Norwell, Massachusetts - Norwell Mariner
"We've met with at least four different companies that are looking to open either a dispensary, a manufacturing center or both in the town of Norwell," Boudreau said Wednesday night.
In May, as many cities and towns were imposing moratoriums on medical marijuana facilities, Norwell became the first town on the South Shore to pass zoning bylaws for dispensaries and manufacturing centers.
Under the rules, there are only two places in Norwell where medical marijuana facilities can operate: Accord Executive Business Park and Assinippi Industrial Park. In addition, medical marijuana facilities cannot be within 500 feet of a home, school or day care center.
During the meeting Wednesday night, Boudreau said that any dispensary that opened in Norwell would, as a non-profit organization, have to invest its profits back into the community, but how much money the town would receive would depend on who opens the facility.
"Some have given us business plans that show the town would receive a significant payment from these companies," he said. "Others have given us a business plan that says you'll get something, but it wouldn't be a whole lot."
Companies interested in opening a medical marijuana facility in Massachusetts have until the end of the day today to file an application proving that they have at least $500,000 in available capital. Applications go to the Department of Public Health.
Companies whose applications are approved by the state will then have to file a site-specific application. Such an application must be accompanied by a letter of support from the community where the facility is proposed.
Boudreau advised selectmen to obtain a binding agreement outlining what the town would receive from a company before issuing a letter of support for a medical marijuana facility.
During the meeting, board members expressed a desire to derive the maximum economic benefit from any opening of a facility in Norwell.
"There's no reason to have a facility here other than the economic benefit of it," Selectman Gregg McBride said. "Whatever one maximizes our benefit is the one I'm going to be in favor of."
News Hawk- Truth Seeker 420 MAGAZINE ®
Source: wickedlocal.com
Author: The Patriot Ledger
Contact: Norwell Mariner Contact Us
Website: Norwell draws interest as possible site for marijuana facility - Norwell, Massachusetts - Norwell Mariner
