RegulateCapeCod.org
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OUR mission:

Tax & Regulate

 
 

Today’s regulation.  Tomorrow’s taxation.

The taxed and regulated approach to marijuana sales approved by 54 percent of Massachusetts voters last November paves the way for substantial new tax revenues for towns.  With the new law’s allowance of a 6% local option tax, towns could collect hundreds of thousands in new tax dollars each year. 

 
 

The Data

 
 

The Massachusetts Department of Revenue projects that the taxed and regulated cannabis market will generate more than $200 million in new taxes by 2020.  Communities can impose local taxes of up to six percent, meaning hundreds of thousands of dollars in annual revenue.  Consider that medical marijuana dispensaries in Massachusetts average $6 million in annual sales.  Adult-use per-stores sales would likely be greater, given the larger base of consumers.  This would mean significant new taxes—six percent of $6 million is $360,000—for communities. 

In addition to new taxes, a regulated sales system would produce new jobs and ancillary economic benefits such as new project work for electricians, HVAC companies, designers, cultivation experts, irrigation specialists and more. 

Here’s some tax data from states with established regulated and taxed sales systems.

 

$200+ million

NEW MA tax revenue

$6 million

AVG annual REVENUE for MA medical dispensary

 

6%

local tax rate options

$360,000

EXPECTED minimum local tax revenue per store

 
 
 

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Nullam tempor dolor sed nulla auctor, nec placerat felis sodales. Etiam et turpis mattis, efficitur mi ut, ultrices diam. Donec consectetur, odio eget porta varius, orci mauris viverra ante, eget egestas turpis sapien vel orci. 

Sed a eros nec leo euismod eleifend sit amet ut nisl. Sed a eros nec leo euismod eleifend sit amet ut nisl blandit. Nullam tempor dolor sed nulla auctor, nec placerat felis sodales. Etiam et turpis mattis, efficitur mi ut, ultrices diam. Donec consectetur, odio eget porta varius, orci mauris viverra ante, eget egestas turpis sapien vel orci. Donec eu ornare augue, ut efficitur velit. Vestibulum et magna mattis, sollicitudin ligula ac.

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Sed a eros nec leo euismod eleifend sit amet ut nisl. Sed a eros nec leo euismod eleifend sit amet ut nisl blandit. Nullam tempor dolor sed nulla auctor, nec placerat felis sodales. Etiam et turpis mattis, efficitur mi ut, ultrices diam. Donec consectetur, odio eget porta varius, orci mauris viverra ante, eget egestas turpis sapien vel orci. Donec eu ornare augue, ut efficitur velit. Vestibulum et magna mattis, sollicitudin ligula ac.

Nullam tempor dolor sed nulla auctor, nec placerat felis sodales. Etiam et turpis mattis, efficitur mi ut, ultrices diam. Donec consectetur, odio eget porta varius, orci mauris viverra ante, eget egestas turpis sapien vel orci. 

Sed a eros nec leo euismod eleifend sit amet ut nisl. Sed a eros nec leo euismod eleifend sit amet ut nisl blandit. Nullam tempor dolor sed nulla auctor, nec placerat felis sodales. Etiam et turpis mattis, efficitur mi ut, ultrices diam. Donec consectetur, odio eget porta varius, orci mauris viverra ante, eget egestas turpis sapien vel orci. Donec eu ornare augue, ut efficitur velit. Vestibulum et magna mattis, sollicitudin ligula ac.

Donec eu ornare augue, ut efficitur velit. Vestibulum et magna mattis, sollicitudin ligula ac, facilisis dui. Ut blandit lectus neque, sit amet fringilla nisi mollis.

 
 
 

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