MJBizMag January 2022 - 48
VERMONT
Ballot initiative or legislation: The Vermont
Legislature approved S.54 on Sept. 15, 2020,
and the bill became law, unsigned by Gov. Phil
Scott, on Oct. 7, 2020.
Regulatory agency: Cannabis Control Board (CCB)
Business license types: Cultivation (six outdoor
and six indoor tiers), product manufacturer
(two tiers), wholesaler, retailer (one storefront
tier, one nursery tier), testing laboratories,
integrated (for existing medical operators).
The board said in a report released Oct. 15,
2021, that it would consider several other
license types in the future, including delivery,
on-site consumption, manufacturing-cottage
and temporary event.
License Caps: No
48 January 2022 | MJBizMagazine
Out-of-state applicants: Yes, but it is
recommended that out-of-state residents
establish a limited liability company in Vermont.
Product types: Cannabis flower cannot
have more than 30% THC, while oils can't
exceed 60% THC. Flavored vape cartridges are
banned.
Anticipated sales launch: October 2022
2021 estimated medical sales:
$10 million-$14 million
2021 state population/MMJ patient
numbers: With 680,000 residents and
4,674 medical marijuana cardholders,
MMJ patients make up about 0.7% of the
population, down from 0.8% in 2019.
By Omar Sacirbey
Regulations seek to maintain state reputation
for small businesses and artisanal products
Predicted size of market: The CCB estimates
that recreational marijuana spending could
reach $231 million annually by 2025.
Local control and opt-in/opt-out rules:
Local municipalities cannot ban cannabis
business license holders except retailers. In
the case of retail, towns must opt in with a
vote approving retail outlets. So far, about
30 towns have opted into retail, while
observers expect about 50 towns to opt in by
the time sales begin.
Social equity provisions: In its report dated
Oct. 15, 2021, the CCB proposed waiving
application fees for social equity applicants
in the first year, then offering fees reduced
by 75%, 50% and 25% in each of the following
three years, respectively.
MJBizMag January 2022
Table of Contents for the Digital Edition of MJBizMag January 2022
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