Legal System

Maintain Local Finance Opinion

Please correct the following error(s):

Status: CLOSED

LFO Number LFO-2018-3

Record Number 21

Title Money from Marijuana Establishments and Medical Marijuana Treatment Centers

Issuer MFLB

Topic(s)

Accounting Policies and Procedures

Keywords Accounting treatment local option excises on retail sales of marijuana for adult use impact fees mitigation payments marijuana establishments or medical marijuana treatment centers general fund gifts grants trusts special revenue free cash

Statutes 44:53 59:23 64N:3 94G:3[d] 94G:4

Cases 391 m 415 Emerson College v. Boston, 391 Mass. 415 (1984)

Summary This Local Finance Opinion (LFO) addresses questions about the municipal finance law and accounting treatment of (1) local option excises on the retail sales of marijuana for adult use and (2) impact fees or other payments under a community host or other agreement with a marijuana establishment or medical marijuana treatment center in connection with its siting and operation in the municipality. It does not address how payments by those establishments or treatment centers are treated for purposes of host community agreements.

Status Not in effect. Superseded by LFO-2022-4.

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LFO-2018-3

Division of Local Services Gateway

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