Skip to main content

Vermont

CANNABIS DISPENSARY REGULATIONS FOR VERMONT

The Vermont Cannabis Control Board issues licenses and creates regulations surrounding dispensaries in Vermont. Individuals seeking a dispensary license in Vermont must submit an application in a format specified by the Board. Applicants will be required to pay a fee in line with the fee schedule that the Board has made publicly available.

There is a license fee of $10,000, an application fee of $1,000, and a few other smaller fees associated with obtaining a license. There are six license types – cultivators, manufacturers, retailers, wholesalers, testing laboratories, and integrated licenses. Of these, cultivators and manufacturer licenses are broken down into tiers.

Just a few months before the first stores are expected to open in Vermont, almost 70 Vermont towns and cities have decided to allow cannabis to be sold in retail stores inside their borders. Adults 21 years of age or older with a valid ID will be able to purchase a total of up to one ounce of marijuana or 8,400 milligrams of THC in any other product.

If you are in need of a compliant and innovate payment processor for your Vermont cannabusiness, contact a PayRio representative today.

CANNABIS LEGALIZATION HISTORY IN VERMONT

Vermont has a progressive history with cannabis legalization. In 2004, the state became the first in the U.S. to legalize cannabis for medical purposes through the passage of Senate Bill 76.

In 2018, Vermont made history again by becoming the first state to legalize the possession and cultivation of cannabis for recreational use through a legislative act. The law, known as Act 86, allowed for adults 21 and over to possess up to one ounce of cannabis and cultivate up to two mature plants and four immature plants for personal use. However, the law did not create a commercial cannabis market or allow for the sale of cannabis products.

In 2020, Vermont expanded its cannabis laws by passing a bill to create a regulatory framework for the commercial cultivation, production, and sale of cannabis products. The law, known as Act 164, allows for the establishment of licensed cannabis businesses and creates a system of taxes and regulations for the industry.

Vermont’s cannabis legalization efforts have been praised for their focus on social justice and equity. The state has implemented programs to promote diversity and inclusion in the legal cannabis industry, and has also allowed for the expungement of past cannabis convictions.

Overall, Vermont has been a leader in cannabis legalization, with a progressive approach that prioritizes social justice and equity. While the state’s laws have faced some challenges and limitations, they represent a significant step forward in the broader movement towards cannabis legalization in the U.S.

LAST UPDATED 5/10/2023 – It’s important to remember that laws can be revised and updated frequently, so please keep this in mind.