Letter: What are pot store owners doing with wealth?
To the editor:
I read with interest Friday's Berkshire Eagle article "Pot taxes help Pittsfield save for rainy days." The article states that in the past six months, Pittsfield has received $448,000 in tax revenue from two recently opened marijuana dispensaries. The article further states that "Cities and towns can also choose to impose an additional 3 percent excise on establishments within their borders to help fund local needs."
While I am not a rocket scientist, I can do basic math. If $448,000 represents up to 3 percent of marijuana sales in six months, then the gross sales are almost $15 million. Are these figures correct? If so, I would be very interested to read a story in The Eagle about these two new marijuana stores. Who are the owners and what do they plan to do with their newfound wealth? After all, the possibility of opening a store and immediately enjoying $15 million in sales is akin to winning the lottery.
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