Legislation to legalize, regulate, and tax cannabis sales — to become law without his signature. With this move, Vermont joins the 10 existing U.S. states that have laws regulating and taxing cannabis for adult use.
Key provisions of S. 54 include the creation of a new independent board to regulate medical and adult-use cannabis; prioritization of business licensing for small-scale cultivators, minority-owned businesses, and woman-owned businesses; and independent lab testing of all cannabis sold to patients and adult consumers.
An economic report released in August analyzed the revenue-generating potential of commercial cannabis in Vermont. The report indicates that Vermonters will likely spend more than $200 million each year buying cannabis from retail stores, generating tens of millions in direct cannabis tax revenues through 2025.
An overwhelming majority of Vermonters support this legislation. A poll commissioned by the Marijuana Policy…
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