Binghamton is now set to welcome cannabis dispensaries to the city, an entirely new industry, and new zoning maps could lay the groundwork for its future.
Mayor Jared Kraham unveiled a plan on Thursday that would set restrictions on the location of dispensaries, including 500-foot buffer zones around schools and 200-foot buffer zones around places of worship.
“We want to make sure that the growth of the cannabis industry is done in a responsible way and benefits our community, that the different types of cannabis businesses, whether retail or manufacturing, correspond to the character of commercial districts,” Kraham said.
What do you want to know
- Binghamton, like other cities, would receive a 3% tax on every sale of cannabis for adult use
- Mayor Jared Kraham unveiled a plan on Thursday that would impose restrictions on the location of dispensaries, including buffer zones around schools and places of worship
- There will be a public comment period before any of the maps are enacted
Binghamton, like other cities, would receive a 3% tax on every sale of cannabis for adult use. It is estimated that the new market could bring more than $1 billion to the state in the coming years.
“We have to be very careful in our approach to this. We don’t want to count our money before it arrives. We have seen what happens with other levels of government when this happens. So we want to have a cautious approach,” Kraham said.
As for the map, the green areas would be open to retail and on-site consumption, while the blue ones would be for retail and industry.
Cannabis would be prohibited in all red zones.
Kraham said excitement is growing for Binghamton and beyond, for those looking to start businesses.
“Interest has been high, and that goes for both those interested in retail dispensaries, as well as out-of-state businesses looking to potentially build multimillion-dollar facilities. to accommodate culture,” Kraham said.
While the future may be uncertain when it comes to timing, Binghamton is looking to get ahead of the game and capitalize on a growing industry.
“We want to be the leader in this market. We want to corner potential investment, and if you’re going to invest in New York State cannabis, give people a reason to do it in Binghamton,” Kraham said.
There will be a public comment period before any of the maps are promulgated. Local leaders do not expect dispensaries to start appearing until next year.