Medical Marijuana Dispensary Reaches Deal with New Bedford
NEW BEDFORD - Beacon Compassion Center says it has reached a deal with New Bedford to bring a medical marijuana dispensary to the city.
Beacon's lawyer, Atty. Joe Michaud, gave some details on WBSM's "Sunday Brunch" program, and told host Chris McCarthy the dispensary will pay 3% of gross sales annually to the City for the first three years, with a greater return after that. "In the fourth year it will climb to 3.25% of total gross sales, or $75,000, whichever is greater. And then in the fifth year, it climbs to 3.75%, or $100,000, which is ever greater," said Michaud.
Michaud says Beacon worked hard to address many concerns held by Mayor Jon Mitchell, who had been opposed to a dispensary opening in the city.
The host community agreement was reached last week, and will likely be finalized this week.
Under the deal, Beacon Compassion would move into the former Wicks and Licks building on Hathaway Road, right off of Rt. 140.