Monday, June 29, 2020

Framingham has it's first recreational pot shop

The first pot shop has opened last week for recreational and medical sales. The company called Cultivate was one of the first stores to open in Leicester Mass along with North Hampton in 2018. You may remember hearing about the massive traffic jams out in Leicester.  So nearly 20 years since the first ballot question about marijuana in Town which was passed by 67% of the voters in 2000 has finally paid off. And even after the 2016 victory at the ballot box, we still waited until now to realize the outcome we had expected all along, regulating marijuana like alcohol, tax and regulate. 

The new company on Rte 9 has both medical and recreational sales, with the price for flower at 3 dollars cheaper per 1/8, then it's competitor Temescal on Rte 30. Cultivates recreational flower is .78 cents an 1/8 higher than Temescal. The new Cultivate store takes appointments as well as pre-order. Medical users have to register with them as well.

Notice, no Mayor cutting a ribbon, no City Council Chair or the councilor from the district that this store is in. And notice no one from EDIC or any other elected or appointed position. Given that this company will pay Framingham, 3% of their total sales, I would have thought someone from the City would welcome the store opening.

Check out their menus and notice you don't have to check of a box that says your 21, unlike the other stores.






 From MASSLive


13 Comments:

At June 30, 2020 at 9:43 AM , Anonymous Anonymous said...

It's about time! But no fanfare and no advertisement about this opening. How come do you think Jim?

 
At June 30, 2020 at 10:02 AM , Blogger jim pillsbury said...

I have no clue why they keep this so quiet. Must have been on purpose and not one sentence in the MWDN. I'm so disappointed with the paper. Hudson seems to have taken over Framinghams news.

 
At June 30, 2020 at 12:12 PM , Anonymous Anonymous said...

The MWD has gotten worse since Anne Brennan left. Anyone know who her replacement is?

 
At June 30, 2020 at 3:08 PM , Anonymous Anonymous said...

these guys already paid their host agreement fee right? where does that money appear in the budget and how much money are we talking here?

 
At June 30, 2020 at 4:24 PM , Anonymous Anonymous said...

Interesting info on the costs. Do you think their prices are lower than Temescal simply to draw people in or is the market not supporting the higher prices and they are trying to remedy that? Glad to see it open either way

 
At June 30, 2020 at 4:25 PM , Anonymous Anonymous said...

What district is this in Jim? Want to reach out to that district councilor and ask why they are not supporting what could be a business offering a huge influx of money to the city.

 
At June 30, 2020 at 7:43 PM , Blogger jim pillsbury said...

This one is in district 4, Mike Cannon is the councilor.

I would hope that the new guys would lower their price for competition reasons. Like gas stations on the same corner, one lowers their price to get the cash flowing and take business from the other. The price for recreational is out right ridiculous... then add in 20% for taxes. Poor people can't spend that kind of money once a month for an ounce.

Since Cultivate is operating both medical and recreational in the same store... they paid the city, 50K each as a one time community impact deposit fee which shall be credited to the annual impact fee. PLUS.. both entities will pay 3% of gross sales.
So if each gross 1 million in the next year, the City will get 60k, plus a cut of the State tax in aid.

It's absolutely extortion. And still the CFO claims there will be no revenue from pot shops and after repeated requests I still don't know where that money is. Keep in mind, each store will pay 50K to open.

 
At July 1, 2020 at 12:21 PM , Anonymous Anonymous said...

Have you done a freedom of information request that the city has refused to respond to? If so I would reach out to the AG to let them know that. Where is the transparency we were promised?

 
At July 1, 2020 at 2:54 PM , Anonymous Anonymous said...

Haha Jim, the only way we'll hear a peep out of Canon is if he can add in a bitch about Spicer.

 
At July 1, 2020 at 3:13 PM , Blogger jim pillsbury said...

I'm not going to file a FOIA request. I know the truth... and so do our readers. Perhaps this subject will come up again when they look at the budget in the fall.

 
At July 1, 2020 at 3:21 PM , Anonymous Anonymous said...

Jim you said the price for recreational is high. What type of money are we talking here? And how does it compare if someone bought on the street?

 
At July 2, 2020 at 1:10 PM , Anonymous Anonymous said...

Mr Pot, what type of sales do you see this store doing? Will it be enough to give the city enough money to fill in the budget shortfalls? And who decides where that money from these shops goes?

 
At July 2, 2020 at 3:54 PM , Blogger Jim Pillsbury said...

By my account, the companies who have signed a HCA with the Mayor have paid 392K as an upfront payment towards their 3%. Where that money went to is a mystery and an unanswered question.
You can see each agreement at
https://www.framinghamma.gov/2949/Executed-Host-Community-Agreements

the street price per ounce varies widely, but it averages 260.00 an ounce of flower for the high THC varieties.

The new store sells almost exactly what Temescal does, flower, edibles, concentrates.I guess that each operator of the retail side went into this projecting 1 million dollars in sales, but with three other stores on the same road, my guess is that the projections will come down on each. If each store did a million a year, Framingham would look at around 360K a year for 5 years, plus the tax of 3%, another 360k. So.. a million a year for 5 years is my guesstimate from all of them. If the retail stores were allowed to be on the edges of Town, they may have been able to steal customers from Towns that have banned marijuana sales in their Town. But since Framingham dragged their feet for 3 years, Towns like Marlboro, Millis, and others beat us to the punch with their own retail stores.

No one seems to know where the money is going. As ME Kelly indicated, the city is not forecasting any revenue from pot shops in 2021.... had to believe I know.

 

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