Heidi Vermont Report Those sales that month were $6,477,957, which is also “a slight uptick in the sales growth rate, about 6.9% from January to February.”
The port has more details In the numbers from February:
The state’s mandatory 14% cannabis sales tax, which must be applied to all purchases of adult-use cannabis from retailers, brought in $906,914 in February. The additional 6% state sales tax, which must also be taken advantage of on cannabis products, led to generating another $388,677. To date, Vermont cannabis retailers have sold $24,404,171 worth of cannabis products and collected $3,416,584 in excise tax since the state’s adult use market saw a modest launch last fall, with three Vermont dispensaries licensed only and opened on Oct. 1. The number of establishments has grown to nearly 50 retail establishments, with 52 dispensaries in Vermont currently approved for licensing as of last week’s monthly meeting.”
Vermont adult use cannabis market It was launched in October last year After state lawmakers passed a law in 2020 that sets out regulations for the sale of legal weed.
The state essentially legalized recreational cannabis in 2018 when lawmakers ended bans on personal possession and cultivation, but that measure failed to create a framework for the market.
The state’s Republican governor, Phil Scott, signed both bills.
This new law requires cities and towns to authorize these businesses before opening retail establishments. Ensures that local zoning is applied to the cultivation and production of cannabis. And 30% of the excise tax, up to $10 million a year, goes to education and prevention efforts. After signing the 2020 legislation, Scott said the sales and use tax on cannabis would fund a grant program to expand after-school and summer learning programs. “In addition, the FY21 budget includes the language I have proposed to move towards a global after-school network, which is based on a successful model from Iceland and is focused on preventing drug use and improving academic and social outcomes.”
In his statement at the time, Scott called on lawmakers to continue improving the law.
“Their work is not finished,” he added. “The legislature needs to strengthen education and prevention – including by banning marketing that in any way appeals to our children – or they willfully fail to learn the lessons of the public health epidemic caused by tobacco and alcohol.”
This has been a top priority for the majority in the legislature for four years, but their work remains unfinished. They must ensure equality in this new policy and prevent their priority from becoming a public health problem for current and future generations. For these reasons, I allow this law to become law without my signature,” Scott continued.
After opening the first legal business stores in the fall, State said The stores sold $2.6 million worth of cannabis products in October.
Vermont lawmakers have continued to push for reform of the state’s drug laws. in March , They presented several different bills That would legalize the drug like mushrooms, among others.
One of the proposed bills would decriminalize all drugs.
The text of the action reads: “This bill proposes to change penalties for possession of supplies for personal use of drugs from a misdemeanor or low-level felony to a civil offense subject to a penalty of $50. A person cited for such an offense may avoid paying the penalty.” By agreeing to participate in substance use disorder treatment screening and related services.The bill would also establish the Drug Use Standards Advisory Council for the purpose of establishing the Standard Personal Use Dose and Standard Personal Use Supply of regulated drugs with the goal of preventing and decreasing the criminalization of personal drug use. Previously or have been convicted of possession of a controlled drug in an amount less than the standard offering amount for personal use will also be eligible for immediate sealing of criminal history records.In addition, to prevent overdose, the bill would also allow drug screening programs to be run to allow individuals to obtain analysis of a controlled drug obtained “The bill would establish a pilot project to support the development and operation of such programs.”
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