- June 22, 2021
- Posted by: Stratford Team
- Category: Business
At 2:21 p.m. on a recent, sunny weekday, the retail marijuana dispensary was full of customers.
Cars pulled in and out of the parking lot at 34 Extension St. in a continuous stream.
And upstairs, in what was once a jewelry factory, about 100 employees were busy making, inspecting, packaging and shipping a range of cannabis products from gummies, to chocolate bars, to vapes, to joints and blunts.
They don’t sparkle and shine like jewelry, but they’ve brought more than 100 jobs to the city, not to mention $588,000 in the company’s first Host Community Agreement payment.
Another $588,000 will come in from the state government.
That amount equals the 3 percent local sales tax charged at every sale.
All told, that’s $1,176,000 for city coffers.
The host agreement lasts for five years, but the sales tax goes on forever and will supply a much needed…
