TAX + REGULATE
Prohibition failed. Regulation can succeed.
The illicit marijuana market on Cape Cod has been thriving for decades, and taxpayers have been stuck with the bill. Legal, regulated sales will achieve what law enforcement can’t: Putting cartels and street dealers out of business.
Street dealers don’t ask for IDs. Town bans would send marijuana users into dangerous markets where they are exposed to deadly drugs like heroin, fentanyl and Oxycontin. Regulated sales would increase public safety, generate significant new tax revenues for towns, create jobs, and put illicit marijuana dealers out of business.
Importantly, under the new law, selectmen can limit the number of marijuana businesses and determine their location. This level of local control gives towns the ability to ensure a safe, limited regulated market.
It is time to put the failures of marijuana prohibition behind us and move toward a strong, effective system for controlling the marijuana market on Cape Cod.
Dedicated to change.
Regulate Cape Cod is dedicated to replacing the failed system of marijuana prohibition with a safe, regulated approach that will give market control to local and state regulators while creating new tax revenues and new jobs. We are a Cape Cod-based organization with the goal of opposing town marijuana bans in order to create a safe, regulated commerce system that will benefit businesses and taxpayers, not drug dealers.
Who we are
Cape-based organization of residents, business people, former law enforcement and local government officials advocating for community-minded approach to cannabis regulation.
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 six-percent local option tax, towns could collect hundreds of thousands in new tax dollars each year.
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.
You don't have to look further than the data coming from states with established regulated and taxed sales systems to know regulation can succeed.