Jurisdiction: Massachusetts

Leafly Jobs Report 2020: Cannabis Jobs Continue to Grow

Last Friday, Leafly released its latest annual jobs report and the numbers are encouraging. Leafly reports that the legal cannabis industry supports 243,700 full-time-equivalent jobs as of January 2020. That number grew by 33,700 new jobs over the past 12 months, which makes legal cannabis the fastest-growing industry in the United States.

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New Massachusetts Bill Would Rein in Host Community Agreements

Yesterday, the Massachusetts House of Representatives passed a bill  impacting Host Community Agreements. These State-required contracts are the lynchpin of the license application process in Massachusetts because marijuana businesses must enter into such agreements with the city or town where they operate as a precursor to getting a license from the State. In particular, the bill would provide the Massachusetts’s Cannabis Control Commission with the explicit power to regulate and enforce Host Community Agreements and would prohibit Host Community Agreements from including any financial obligations for the company other than a “community impact fee” of up to 3% of gross sales. The bill also authorizes cities and towns to waive the State’s Host Community Agreement requirement. However, it is unclear if any cities or towns would actually exercise that right.  

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It’s Complicated: Tax Revenue From Recreational Marijuana Remains Difficult to Estimate

“In this world nothing can be said to be certain, except death and taxes.” The Works of Benjamin Franklin, 1817. That idiom remains true today, and with the legalization of recreational marijuana markets, it was widely accepted that the taxes would allow state and local governments to plug budgetary shortfalls.

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The Marijuana Job Market Is Lit

The cannabis-related job market continues to expand according to a PoliticoPro report (subscription required) that analyzed data from Indeed.com, an employment search engine. In May 2016, cannabis job postings accounted for 231 per million total job postings. By May 2019, that number has increased nearly four-fold to 915 postings per million.

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