In 2018, the state of Vermont legalized the possession and use of recreational cannabis. However, during that time, the lawmakers did not authorize any framework for the legal production and sale of adult-use cannabis.
Finally, after two years, the state’s House and Senate approved a bill (a.k.a. S.54) that establishes a formal framework for the production and sale of recreational cannabis in Vermont. Although the governor declined to sign the bill into law, he nevertheless allowed the measure to become law without a veto.
An independent commission within the executive branch – the Cannabis Control Board – will regulate and license the following recreational cannabis businesses:
. . .
What to do right now?
Even if the measure is approved, you can not get licensed right away. So you need to be well-prepared for when the state will begin accepting licensing applications, which is supposed to happen by next year.
If you wait until the state announces details, your competition blow by you, as they’ve been preparing for months (or years) for this moment. Don’t get left behind! We see it happening all the time.
Things you should do now:
Grab a Starter Package, as it shows you everything you need to know, do, and prepare – from beginning to end – when starting your Vermont Cannabis Business.
Figure out what business types work best for you, your partners, your budget, and your skills. So many clients start out wanting one business and realize another is actually a better fit for their situation. The Starter Package goes over this in great detail.
Find a business location – Research whether your prospective cities currently or will allow cannabis businesses in the future and start finding a compliant property. Details for how to find this info is included in the Starter Package.
Know how much capital you need – understand the general costs and steps for starting all cannabis businesses and put together a thorough Business Plan.