MJBizMag November-December 2020 - 47

Utah
The state's 6-month-old medical cannabis program has far exceeded sales
and patient-enrollment projections, sparking product shortages that are boosting
business opportunities for licensed cultivators. Utah hit the milestone of 10,000
registered patients six months ahead of projections, according to state officials. The
surprising demand and product shortages are prompting some cultivators to expand
to their maximum growing area of 100,000 square feet. Only six dispensaries have
opened; Utah allows 14 to operate.
Vermont
Gov. Phil Scott allowed legislation to regulate and tax cannabis sales to become
law without his signature, making Vermont the 11th
state to allow adult-use
marijuana and only the second to do so via the legislature, not the ballot box. Legal
recreational sales are not expected to begin until October 2022. Business license
types will include stand-alone permits for new market entrants, including growers,
manufacturers, retailers, testing labs and wholesalers as well as vertical integration.
Newcomers to the Vermont industry will be allowed only one license per category
and only one location.
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November-December 2020 | mjbizdaily.com 47

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MJBizMag November-December 2020

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