Editor’s note: A previous story incorrectly claimed that Megan’s organic market was looking for a license to grow.
Megan’s Organic Market, a marijuana retailer based in San Luis Obispo, Calif., is hoping to move its retail operations to Rochester.
The Company hopes to locate a vacant lot in the Rochester Commons development that is directly adjacent to Interstate 495 near the Wareham Line.
Megan’s Organic Markets stated in their bid to the city that they “have entered into an agreement with the owner to develop this property and lease a 3,000-square-foot retail building.”
The site will have 20 parking spaces and two charging stations for electric vehicles.
His proposal to the City of Rochester seeks a host agreement with the city, which is a contract negotiated between the city and a marijuana facility that sets out the requirements for the facility to operate.
The Company’s Rochester subsidiary, Megan’s Organic Market, is owned by two residents of Rochester LLC, Massachusetts.
Ten percent is owned by Rebecca Levesque, a marketing director in Freetown, and five percent is owned by Kenneth Stein of Stein Realty and Development Corporation in Dartmouth.
The remaining 85 percent is owned by Megan’s Organic Market shareholders, who are based in California.
If Megan’s Organic Market is allowed to open stores in Rochester, they have pledged to only hire residents of southeastern Massachusetts, while also “giving preference to hiring Rochester residents.”
They also say they will set up a “community fund” and 1 percent of net sales to support it in the quarter. They will establish a community advisory board made up of Rochester residents who will consult with the city to find members who will discuss the best use of the funds.
This is in addition to the 3 percent community fee the city may collect from its total sales.