PLAINVILLE — What would be the first marijuana enterprise on the town is slated to open as quickly because the final week in January.
At a public listening to Wednesday, choose board members voted for a license for the enterprise, pending approval from the state Hashish Management Fee.
And the fee granted that approval on Thursday.
The marijuana retail license is for Apotho Therapeutics at 119 Washington St. (Route 1) within the former Tavern from Tower Sq. restaurant constructing.
The license is for leisure and not-medicinal marijuana.
A “comfortable” opening for the enterprise is deliberate for the week of Jan. 24.
City officers have been relying on tax income from it to assist alleviate their tight price range.
Choose board Chairman Brian Kelly mentioned the enterprise is predicted to deliver the city “at the least $300,000 in yr one, however we anticipate it might be a lot higher given present demand.”
“Some estimates have approached and even exceeded $1M to the city within the first yr,” he mentioned through electronic mail. “We will solely rely on the $300K however we are able to use each penny given the deep cuts the city made final yr. There are crucial providers we should restore.”
Residents in June rejected a $3.25 million override of Proposition 2 1/2, the state tax levy limiting legislation, for this price range yr, which started July 1. That led to deep reductions within the faculty and city budgets, together with quite a few layoffs.
City officers needed to modify the price range for the earlier fiscal yr as a result of the plans for the marijuana enterprise had been delayed for varied causes.
Amongst these causes is a backup on the state degree for license approvals.
Apotho had earlier had a provisional retail license from the state to open in Plainville.
As required by the state, a neighborhood outreach session was held in June 2019 by Apotho on its plans.
Residents at city assembly accepted particular zoning for pot companies, and the the Route 1 space is a part of that zoning.
“This was all mentioned and handed at city assembly effectively over a yr in the past,” Kelly mentioned, including there was no new suggestions or issues from residents at this week’s choose board listening to on the license.
Plans name for the landmark Tavern restaurant close to Turnpike Lake to downsize into the south a part of the constructing, with the marijuana enterprise within the northern part.
The restaurant homeowners, the Hodgman household, closed the restaurant in June 2019 and offered the constructing to Apothos.
Stephen Peterson might be reached at 508-236-0377.