AYER -- Ayer's newly approved medical marijuana dispensary could rake in about $1.89 million in net revenue within its first year, according to its Phase 2 application submitted to the state's Department of Public Health.
The budget plan assumes a "controlled growth" of patients, servicing 120 the first month and 384 per month by the seventh month. The first-year budget estimates sales for vaporizers and other nonmarijuana products at five percent.
The first year budget estimates a $350 price per ounce, although the price is projected to drop to $320 per ounce in the second and third years of operation.
The three-year business plan still predicts a gradual growth, as Central Ave. Compassionate Care Inc. sells 321 pounds of product in the first year to an estimated 517 pounds in the second, increasing revenue from marijuana and accessories to $2.64 million. In year three, the dispensary is projected to sell 621 pounds with about $3.17 million in revenue.
The dispensary will set aside 20 percent of its net revenues for a community grant program, giving preference to public safety and drug-abuse prevention.
The application details every step of development for Central Ave. Compassionate Care, including job descriptions of its employees.
The four-member board of directors includes Executive Director John Hillier, Shayne Lynn, Bridget Conry and Kenneth A. Frank.
Lynn and Conry come from Champlain Valley Dispensary, another medical marijuana dispensary in Vermont that was awarded a license in 2012.
Lynn founded CVD, which has 250 patients in Burlington. He was awarded the state's last dispensary license last year, and the application claims his "experience in providing marijuana for medical use is unparalleled on the East Coast."
Lynn will serve as cultivation consultant and "provide direct knowledge of cultivating medical marijuana from his experience doing so in the state of Vermont."
Conry, previously the general manager of a Lenox bakery, is CVD's director of wellness programs and marijuana-infused products -- edible items known as MIPs. Conry will serve as the Ayer dispensary's MIP consultant, overseeing the development of the edible products and helping to design the commercial kitchen and menu.
The application outlines an employee team of about nine, including Hillier as the executive director and cultivation director.
The dispensary's security and compliance director will oversee all patient appointments and make sure that the dispensary is in compliance with the state's medical marijuana law. The director will report to Hillier.
The dispensary also calls for a cultivation manager to help track inventory and supervise the part-time trimmers, who record weight. The part-time MIP chef will work under Conry, planning recipes and ensuring edible products are in compliance with state law.
The part-time delivery driver will make deliveries with the security and compliance director, while a full-time receptionist schedules appointments. A patient services director will manage patient intake and inventory, ensuring the facility is compliant with federal privacy guidelines.
Salary for the executive director is set at $90,000, while the cultivation director and patient services director salaries range from $60,000 to $75,000. The security and compliance director would earn between $70,000 and $85,000, while the cultivation manager would earn $40,000 to $50,000.
The hourly positions of receptionist and delivery driver pay $20 to $25 per hour, while the MIP chef could get $25 an hour or $50,000 per year.
"CACCI will open with the minimum number of staff to effectively operate, but as the organization grows, management expects to add new positions to handle an increasing number of patients," the application reads.
All of CACCI's employees, considered "dispensary agents" under Massachusetts law, must be registered with the Department of Public Health before beginning work.
The application outlines a "zero-tolerance drug use policy" in which it drug tests each potential employee. Employees are also subject to random drug tests.
Under law, dispensary agents cannot have a conviction for a felony drug offense. The application highlights a "conservative" estimated opening date of Sept. 3, after CACCI goes through final inspections and obtains an occupancy permit.
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