Regulations to establish an adult-use cannabis marketplace in Vermont cleared yet another hurdle this week after the House Appropriations Committee voted 6-5 to advance the proposal, Marijuana Moment reports. The bill, S. 54, is expected to receive an official vote by the full House within a few days.
Vermont lawmakers passed cannabis legalization language in 2018 but stopped short of legalizing a commercial industry.
The proposed regulations would establish a licensing and regulatory structure for an adult-use cannabis marketplace in the state, including new business licenses and a new regulatory body — the Cannabis Control Board — to oversee the industry. The bill also includes potency limits for cannabis flower products (30 percent THC) and concentrates (60 percent), advertising restrictions for cannabis products, a ban on flavored vaporizer products, and a study to foster the future and responsible growth of the industry.
After its latest adjustments, the new rules would tax cannabis at 20 percent and would block local jurisdictions from adding additional taxes; medical cannabis patients, however, would be exempt from the taxes.
The bill had already passed the House Government Operations Committee unanimously and the House Ways and Means Committee in an 8-3 vote. The bill passed the Senate, where it originated, in a 23-5 vote.
Vermont residents strongly support the creation of a regulated cannabis marketplace, polls suggest.
Exclusive offer from our sponsor:
Get daily news insights in your inbox. Subscribe