After discussing the Marijuana Regulation and Taxation Act (MRTA) during last night’s Town Board Meeting, we adjourned the public hearing to September 21st and will be referring the matter to the New Castle Police Department, New Castle United for Youth, and our schools for their consideration and thoughts.
As previously shared, we are working closely with counsel to determine the Town’s right to implement our own regulations to restrict the time and place of cannabis sale and use and discussing whether New Castle should opt out of the MRTA, thereby precluding businesses involved in the dispensing and on-site consumption of cannabis.
As we continue our public hearing and address the issues above, as well as the potential tax benefits that might be generated from such businesses (three percent (3%) of tax revenue goes directly to the municipality), impacts of cannabis related foot and vehicular traffic on quality of life, and what other neighboring municipalities are considering, the Town plans on taking a reasoned and steady approach to fully understand the direct and collateral implications of this new law. Remember, the MRTA only allows municipalities to opt out this year or lose the right to do so. Should we opt out, please know that we can opt back in if it is in the community’s best interest.