FALL RIVER — The three companies currently awaiting state approval to open recreational marijuana dispensaries in Fall River have to amend their host community agreements with the city after having initially agreed to pay revenue fees that were above what state law allows.
Host community agreements, which outline financial contributions marijuana businesses annually give to their host communities, can legally ask recreational dispensaries and marijuana growers for up to 3 percent of their annual gross sales revenues. According to early drafts of the three host agreements Mayor Jasiel Correia II signed with the pending applicants, all three companies originally agreed to pay 4 percent.
The companies are Hope Heal Health Inc., Greener Leaf Inc. and Xiphias Wellness, which has since changed its name to Nature’s Medicines.
Corporation Counsel Joseph Macy said the city is in the process of amending agreements and that an agreement with the company Northeast Alternatives, the city’s first and currently only recreational dispensary, has already been amended.