A major shakeup in Vermont’s cannabis industry as the state’s largest medical cannabis company merges with a Canadian-based cannabis company.
The global company will have first dibs on Vermont’s tax and regulated market when sales begin this upcoming May. The news has local growers concerned about the future of cannabis sales.
The deal with SLANG worldwide is worth $25 million. It allows some of Vermont’s largest medical cannabis companies, now known as CeresMED to better prepare themselves for the tax and regulated market to begin next year.
However, craft and small growers say it’s just another hurdle for them to overcome.
“We know people don’t travel for Walmarts, they travel for Hill Farmsteads, they travel for craft products, so that’s who we want to make sure are included in the marketplace as soon as possible now knowing these three large businesses will be included in the marketplace,” says Geoffrey Pizzutillo from the Vermont Growers Association.
Read more at wcax.com