The Lakeville Board of Selectmen held a forum on April 4, 2018, to discuss potential marijuana by-laws and the implications of legal cannabis businesses in the town. The meeting focused on the opportunities for tax revenue and the processes involved in establishing regulations for marijuana operations.

During the discussion, board members expressed a cautious optimism about the financial benefits that could arise from legal cannabis sales. One member highlighted the potential for the town to become "tax positive" through this new business opportunity, despite personal reservations about marijuana use. The conversation emphasized the need for a structured approach to zoning and regulation, with a clear process for bringing proposals to town meetings.

Concerns were raised about the accuracy of revenue projections from marijuana sales. Board members acknowledged that estimates could vary significantly based on factors such as the quality of business operators and the number of licenses issued statewide. They noted that while some projections suggested sales could reach $30 million to $50 million, the actual revenue would depend on local market conditions and competition from neighboring towns.

The forum also addressed the importance of understanding the financial implications before moving forward with zoning changes. Board members agreed that realistic revenue expectations are crucial for making informed decisions about accommodating marijuana businesses. They recognized that the cannabis industry is still evolving, and the experiences of other states, such as Colorado and Oregon, could provide valuable insights.

In conclusion, the Lakeville Board of Selectmen is navigating the complexities of establishing marijuana by-laws, weighing the potential economic benefits against the need for careful regulation. As the town considers its approach, the discussions from this forum will play a significant role in shaping future decisions regarding cannabis operations in Lakeville.