Westport is on the verge of approving its second marijuana dispensary — right next door to its first and only such business.

Select board members on Monday evening reviewed a plan by Uxbridge resident Brian Carney, a marijuana entrepreneur who hopes to open Port Supply, a new store at 260 State Road adjacent to the town’s only current store, Coastal Healing.

And while they did not give final approval to a host agreement between the town and the new business, town administrator James Hartnett said he is reviewing an agreement with the town’s legal counsel and hopes to have it wrapped up by the board’s next meeting in two weeks.

The outstanding areas are “relatively minor,” he said — “much easier than last time” with Coastal Healing.

Carney, who owns a dispensary in Uxbridge and several in New York, said he believes his business model will set Port Supply apart from the town’s only other option, and from other dispensaries in the area.

While some dispensaries grow their own marijuana and thus are highly incentivized to sell their own product, “consumers like variety,” he said. “We would be drawing away customers from towns like Fall River and New Bedford to spend their money in Westport.”

In return, the town would receive a three percent cut of gross revenue in taxes, as well as a possible 3 percent impact fee — a fee required by the state meant to offset any negative impacts from the business on the host community.

“So it is not an overall three percent fee that can go into the General Fund,” Carney said. “That being said, you might not know what your impacts are for years, so fees can be collected.”

Carney said the company will seek to hire locally and will also donate $10,000 per year to a charity of Westport’s choice — board member Steve Ouellette suggested either police and fire, or drug education programs in Westport schools.

Though they were reluctant to grant final approval pending a host agreement that is not yet complete, board chairwoman Shana Teas said the wait shouldn’t be long.

“Once you’ve negotiated that (host agreement) with Jim (Hartnett), I think it will be just a formality, mostly.”

The select board’s consideration comes two months after members of the Westport Planning Board unanimously voted to grant a special permit to Carney’s Salty Breeze Inc., a business group made up of principals who own several gas stations and liquor stores in the Fall River, Dartmouth and Westport areas.