For 2024, marijuana sales now stand at $127, with all-time sales surpassing $260 million. Vermont legalized marijuana in 2018, becoming the first state to approve recreational marijuana through its legislature rather than a ballot initiative. The law allows adults 21 and older to possess up to one ounce of marijuana and grow up to two mature and four immature marijuana plants for personal use.
Initially, the 2018 law did not allow commercial sales. However, in 2020, the state legislature approved a bill to regulate and tax marijuana sales. Governor Phil Scott allowed the bill to become law without his signature, and the legal market officially launched in 2022.
Retail marijuana sales in Vermont are subject to a 14% excise tax and a 6% state sales tax.
Read more at The Marijuana Herald
