The Franklin Reporter & Advocate Eight Villages, One Community
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.
To be exact, the $396,467.70 in sales tax paid translates to total receipts of $19,823,385, according to figures reported to the Township by the businesses.
Half of the businesses generated more than $1 million in sales. Bloc Somerset, in the Village Plaza shopping center on Easton Avenue, led the pack with about $6.4 million in revenue.
Unity Road on Elizabeth Avenue generated about $4 million, Silverleaf Wellness on Route 27 garnered $2.4 million, Leaf Haus on Easton Avenue saw $2.3 million in revenue, Theo A. Cannabis on Route 27 generated about $1.3 million, and Fresh Grow on Hamilton Street generated slightly more than $1 million in revenue.
In the past, the Township has placed cannabis tax revenue in the general fund portion of the budget.
| Stores | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Total Tax Paid | Total Receipts |
| Bloc Somerset | $37,215.35 | $33,915.76 | $30,535.78 | $25,615.12 | $127,282.01 | $6,364,100.50 |
| Unity Road | $18,240.30 | $21,649.92 | $20,722.24 | $19,529.56 | $80,142.02 | $4,007,101 |
| Silverleaf Wellness | $2,930.25 | $8,935.71 | $15,635.33 | $21,121.33 | $48,622.62 | $2,431,131 |
| Leaf Haus | $14,174.45 | $12,105.54 | $11,107.89 | $9,438.21 | $46,826.09 | $2,341,304.50 |
| Theo A Cannabis | $215.67 | $3,496.73 | $10,150.82 | $11,654.86 | $25,518.08 | $1,275,904 |
| Fresh Grow | $0.00 | $0.00 | $6,291.70 | $14,232.81 | $20,524.51 | $1,026,225.50 |
| The Dispensary of Somerset | $0.00 | $3,738.48 | $5,078.58 | $4,301.48 | $13,118.54 | $655,927 |
| Citi Roots | $0.00 | $0.00 | $4,648.51 | $8,032.34 | $12,680.85 | $634,042.50 |
| Got Your Six | $0.00 | $0.00 | $2,339.74 | $8,562.62 | $10,902.36 | $545,118 |
| Bleachers Dispensary | $0.00 | $0.00 | $3,075.19 | $3,516.87 | $6,592.06 | $329,603 |
| Blue Harvest | $0.00 | $0.00 | $0.00 | $2,386.71 | $2,386.71 | $119,335.50 |
| Timber 5 | $0.00 | $549.49 | $590.89 | $731.47 | $1,871.85 | $93,592.50 |
| Totals: | $72,776.02 | $84,391.63 | $110,176.67 | $129,123.38 | $396,467.70 | $19,823,385.00 |
| Source: Franklin Township. |
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