HAVERHILL — On the same night when medical marijuana took a giant step toward becoming a reality, city officials placed a temporary moratorium on recreational use of the drug in the city until December.
In a unanimous decision, the Haverhill City Council voted to approve a host community agreement between the city and Alternative Therapies, the Newburyport-based company looking to become the first to open a medical marijuana dispensary in the city’s Medical Marijuana Overlay District.
Under the agreement, Alternative Therapies will pay the city 3 percent of its annual profits for the next five years and donate $50,000 annually to a charity of the mayor’s choosing. Mayor James Fiorentini stated last week that the agreement will net the city between $200,000 and $350,000 a year.
If the dispensary is unable to operate seven days a week, the agreement requires Alternative Therapies to pay the city 2.5 percent of its annual profits, which matches the host agreement the company has with the town of Salisbury.
The original agreement was for the dispensary to pay 2 percent if it was unable to operate