Mansfield could see $250,000 in yearly tax revenue from cannabis dispensary – Richland Source

MANSFIELD — An adult-use marijuana dispensary could net the City of Mansfield as much as $250,000 in annual tax revenue, based on estimated sales offered Tuesday by a representative of a company that would like to have a store here.

However, that’s if Mansfield City Council doesn’t impose a six-month moratorium on such local dispensaries in the form of legislation scheduled for a vote June 4.

As of Tuesday night, local lawmakers have offered no clear indication how that vote may go.

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Keri Stan, the Ohio and Illinois district manager for The Cannabist Co. (formerly Columbia Care, told Richland Source the company estimates annual sales in a community the size of Mansfield would be between $5 and $7 million.

Based on those sales estimates, with the city receiving 36 percent of the 10 percent excise tax imposed by the state on cannabis dispensaries, the city would receive between $180,000 and $250,000 annually.

“That would be an approximation, of course, for a city of this size,” Stan said after speaking to Mansfield City Council members. “(It’s) what we have seen historically in similar markets with similar populations out of

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