POLL: Would you support marijuana businesses in Milton in order to help alleviate the town’s tax burden?
This past April, a Milton resident was arrested for running a multimillion-dollar black market marijuana enterprise on Canton Avenue.
According to the charges, Deana Martin owned and managed Northern Herb, which operated a website offering marijuana (including raw marijuana, pre-rolled cigarettes, and marijuana edibles) for sale. From May 2016 through July 2018, Northern Herb allegedly had total revenue exceeding $14 million, and Martin earned an income of $80,000 per month. It is further alleged that Northern Herb did not withhold or pay taxes on its millions of dollars in marijuana sales. (Source: www.justice.gov).
If Deana had paid taxes to the Town of Milton during this time period, the town would have received $420,000 over about 22 months.
This would work out to about $229,000 per year in taxes to Milton, for one person’s marijuana enterprise.
An open business with normal hours might expect to make 2-3 times that revenue, easily. While it’s not a panacea for what seems to be ongoing budget issues, it certainly could make a dent in a budget shortfall.
At the October 2017 Special Town Meeting, TMMs voted to ban recreational marijuana retailers and production facilities.