Glenville holds community forum on marijuana regsPosted by On

As the Dec. 31 deadline looms for communities to decide if they want to opt out of allowing adult-use recreational marijuana businesses, Town Supervisor Christopher Koetzle suggested that the town take that path for now to buy itself some time.

That’s because Glenville can opt out before the December deadline, then change its mind and opt back in if it decides ultimately to host adult-use marijuana dispensaries or coffee-shop type businesses where cannabis can be smoked on the premises, Koetzle said.

But if it doesn’t opt out prior to Dec. 31, it will never be able to opt out, he said.

“To me, the logical thing for our community would be to opt out, because applications can’t come in until late 2022,” the supervisor said.

Koetzle was the predominant speaker during Wednesday night’s community forum on the Marijuana Regulation and Tax Act. Twelve people signed up to attend the meeting in person, but about five showed up. Another 50 signed up to watch the webinar.

Another key takeaway from the forum was Koetzle’s belief that hosting marijuana businesses wouldn’t necessarily yield a significant financial boost to the town. A 4 percent tax is imposed on the sale from retail dispensaries.

Using the example of a company producing $1 million in revenue, Glenville would receive $30,000 after the county gets its $10,000 share, said Koetzle, indicating he had conducted limited research but had no idea how much annual revenue a marijuana business would generate.

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As the Dec. 31 deadline looms for communities to decide if they want to opt out of allowing adult-use recreational marijuana businesses, Town Supervisor Christopher Koetzle suggested that the town take that path for now to buy itself some time.

That’s because Glenville can opt out before the December deadline, then change its mind and opt back in if it decides ultimately to host adult-use marijuana dispensaries or coffee-shop type businesses where cannabis can be smoked on the premises, Koetzle said.

But if it doesn’t opt out prior to Dec. 31, it will never be able to opt out, he said.

“To me, the logical thing for our community would be to opt out, because applications can’t come in until late 2022,” the supervisor said.

Koetzle was the predominant speaker during Wednesday night’s community forum on the Marijuana Regulation and Tax Act. Twelve people signed up to attend the meeting in person, but about five showed up. Another 50 signed up to watch the webinar.

Another key takeaway from the forum was Koetzle’s belief that hosting marijuana businesses wouldn’t necessarily yield a significant financial boost to the town. A 4 percent tax is imposed on the sale from retail dispensaries.

Using the example of a company producing $1 million in revenue, Glenville would receive $30,000 after the county gets its $10,000 share, said Koetzle, indicating he had conducted limited research but had no idea how much annual revenue a marijuana business would generate.



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