When recreational sales started in Vermont back in October there were only a few stores open and a lot of eager customers. The number of dispensaries has risen quickly to over two dozen and Vermont’s Agency of Administration has released new figures showing that the state is collecting a good amount of tax revenue from cannabis sales. In the first two months recreational dispensaries sold more than $6 million dollars worth of cannabis and cannabis products. November’s sales of roughly 3.8 million of cannabis represents a 46% increase from October. This has resulted in the state collecting more than $860,000 during that period. State law requires the tax revenue from cannabis sales be allocated in a number of ways with up to 30% percent of the revenue able to be used on funding substance misuse prevention programs.
Find the full story from Heady Vermont on their website here: https://headyvermont.com/2023/01/23/vermont-cannabis-retail-sales-surpassed-6-million-in-2022/
