Vermont launched its recreational cannabis industry this month with festive store openings. From her downtown Burlington office, Catherine Burke, an attorney with Gravel and Shea who works with cannabis companies, said she could see “people lining up for hours ahead of opening time,” at the nearby CeresMed dispensary.
Growing, sharing, and consuming small amounts of cannabis has been legal in Vermont since 2018. Now, entrepreneurs can apply for six business license types – as cannabis cultivators, manufacturers, retailers, wholesalers, testing laboratories, or for integrated licenses. The state estimates taxable cannabis retail will reach $225M per year in 2025, garnering $45M in tax revenue.
Cannabis industry