Quantcast

Township Cannabis Business Grows To $20 Million, Paid $400K In Taxes, In 2024

MULTI MILLION DOLLAR BUSINESS – Bloc Somerset, located in the Village Plaza shopping center on Easton Avenue, recorded more than $6 million in sales in 2024. (File photo.)

The 12 cannabis retailers operating at least part of 2024 in Franklin generated nearly $400,000 in sales taxes paid to the Township.

Cannabis retailers pay 2 percent of their receipts to the Township in sales tax, which means Franklin in 2024 had a cannabis industry worth nearly $20 million.

Don’t Miss Out!

No other media outlet covering Franklin Township brings you the depth of information presented by the Franklin Reporter & Advocate. Period. We are the only truly independent media serving the Eight Villages.

But we can only do that with your support. Please consider a yearly subscription to our online news site; at $37 a year, it’s one of the best investments you can make for yourself.

We also offer monthly and quarterly subscription plans.

To subscribe, please click here.

Existing members, please click here.

Check Also

Gail Rosen Named Among Top 200 National CPAs

Gail Rosen. (Photo: RRBB Advisors.) A township-based CPA has received national attention in the Forbes …