On Friday, the Vermont Senate Finance Committee voted 6-1 to approve S. 241, a bill that would end marijuana prohibition for adults and create a regulated and taxed system for marijuana production and sale. Before passing the bill, the Finance Committee adopted a 25% tax rate that would be applied to retail sales. (This is roughly on par with the tax rates in Oregon and Colorado, and it is significantly less than the rate in Washington state).
This bill is still a work in progress. We will continue to update you on new developments as it advances through the committee process.
If you are a Vermont resident, it’s very important that your senators and representatives hear from you today. Please send them an email urging them to support S. 241. If you are able to take a few minutes to personalize your email, that may increase its impact on legislators.
S. 241 will be considered by the Senate Appropriations Committee next. A vote by the full Senate is expected within the next couple weeks.