New Economic Report Highlights Potential Tax and Regulate Revenue in Vermont

Aug 05, 2020

While cannabis is already legal in the Green Mountain State, Vermont will not collect new revenue without a system for taxation and regulated sales. Moreover, the state is facing over $570 million in pandemic-related budget losses through fiscal year 2021, and without federal support and new sources of revenue, community services will likely be reduced. If S.54 were to pass this year — and revisions are made to allow cannabis produced by existing hemp cultivators and medical dispensaries to be sold for adult use beginning in 2021 — this analysis projects the ability to generate over $175 million in cannabis sales taxes through 2025.

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