ALLEGANY, N.Y. — Eight residents attended a public hearing Tuesday called by the Allegany Town Board for input on on marijuana retail dispensaries and consumption sites.
The consensus from the public was not to opt out of the licensing of the cannabis dispensaries because of the potential tax revenue involved.
Supervisor James Hitchcock said the board was looking for public input on the matter of local licensing of cannabis businesses.
While not a lot is known about the licensing process, it appears the town and village would split 3% of the tax revenue and 5% would go to the state.
“We haven’t got a lot of information from the state on revenue,” Hitchcock said during the hearing. “It’s difficult to make decisions at this point.”
The meeting was held at the Allegany Senior Center on Birch Run Road because the Town Hall is undergoing renovations.
The town board has the option of opting out of the process now and opting in later when the details of the licensing program are known. Municipalities must decide by Dec. 31.
“We’re kind of waiting to see how things roll out,” said Councilman Alexander Nazemetz. “We don’t have a lot of detail.”
The town is automatically in if they don’t opt