A new study that looked at hundreds of agreements between municipalities and marijuana businesses licensed to operate in those cities and towns found that cannabis companies have paid at least $2.46 million more than required under law, and that communities often have no plan for how to spend the money they collect.
The study, which was paid for by the Cannabis Business Association and conducted by Jeffrey Moyer of the McCormack Graduate School of Policy and Global Studies at the University of Massachusetts Boston, reviewed 460 host community agreements, which are required by law as a condition for licensure. Though the payments to cities and towns are not supposed to exceed 3 percent of a marijuana business s gross sales, researchers found they often do.
A new study that looked at hundreds of agreements between municipalities and marijuana businesses licensed to operate in those cities and towns found that cannabis companies have paid at least $2.46 million more than required under law, and that communities often have no plan for how to spend the money they collect.
The study, which was paid for by the Cannabis Business Association and conducted by Jeffrey Moyer of the McCormack Graduate School of Policy and Global Studies at the University of Massachusetts Boston, reviewed 460 host community agreements, which are required by law as a condition for licensure.
Though the payments to cities and towns are not supposed to exceed 3% of a marijuana business s gross sales, researchers found they often do.