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US (VT): Hopeful retailers ready as clock ticks down to legalized retail cannabis

Vermont’s Cannabis Control Board can start issuing retail licenses beginning on October 1st, just weeks away. But businesses have been preparing for the big day for months. A potential retailer in West Brattleboro is getting ready to open its doors.

“Yeah, things are definitely moving forward,” said Scott Sparks of the Vermont Bud Barn. Sparks has been in the CBD market for years, but he’s preparing to sell retail cannabis next door at the Vermont Bud Barn. His retail license is currently being reviewed by Vermont’s Cannabis Control board, and Sparks has begun interviewing future employees.

“I was planning on running it for two weeks. In three days, I had over 150 applications,” he said. Finding staff clearly will not be an issue. But Sparks did have challenges lining up a bank. He’s opted to work with a virtual bank after VSECU announced it was putting a hold on all future cannabis clients.

“Even though I got in all the paperwork on time and I have a longstanding relationship, I was not allowed to get an account,” Sparks said.

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