S. 25 creates a Cannabis Business Development Fund to assist social equity applicants.
On Monday, Governor Phil Scott signed S. 25, a bill that will strengthen the social equity provisions in Vermont’s cannabis legalization law. S. 25 requires the Cannabis Control Board to reduce or eliminate licensing fees for social equity applicants, which are defined as “individuals from communities that historically have been disproportionately impacted by cannabis prohibition or individuals directly and personally impacted by cannabis prohibition,” and it creates a Cannabis Business Development Fund to assist these applicants.
The bill also modifies sections of the law dealing with advertising and other aspects of cannabis regulation. Before passing S. 25, the House removed a provision that would have incentivized municipalities to vote on whether to approve retail sales by March 2023.
In other news, the three-person Cannabis Control Board has begun working to develop regulations for Vermont’s adult-use cannabis market.
Now that Vermont has legalized cannabis and is well on its way to establishing a well-regulated, equitable market, we believe the Vermont Coalition to Regulate Marijuana has succeeded in fulfilling its purpose. Many thanks to Laura Subin, the Necrason Group, and all of our coalition members and allies who worked so hard to end cannabis prohibition in the Green Mountain State!
This will be the final email from the Vermont Coalition to Regulate Marijuana. However, we will continue to send you updates from the Marijuana Policy Project from time to time. It is still imperative that we end the federal war on cannabis, which tears families apart, drives up costs for patients and consumers, and makes local equity efforts more difficult.
We are very grateful for your support, without which this important victory would not have been possible.