Talk about a windfall. Great Barrington’s take, through taxes, of its share of recreational marijuana sales in town since the beginning of the year is roughly $1 million.
Theory Wellness, the town’s only retail cannabis shop, reported second-quarter gross sales of a little more than $10.3 million.
Nick Friedman, Theory’s co-founder and chief financial officer, told the selectboard in a July 5 email that Theory would mail a check to the town for $309,217.62, fulfilling its obligation to pay a community impact fee to the town of 3 percent of its sales, as the company agreed to do in a previously negotiated host community agreement.
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Terry Cowgill ~ TheBerkshireEdge.com ~
