On Wednesday, March 24th, 2021, Vermont Senate approved a bill that prevents a delay in the rollout of legal marijuana sales and changes the overall cannabis market of the state.
The purpose of the bill is to make many different improvements to the cannabis market of the state. It will be used to improve social equity as well as address the issue of legal marijuana sales within the state.
However, due to how late Gov. Phil Scott is in appointing a Cannabis Control Board, it has caused some concern as to whether the legal sales of marijuana in the state will be pushed back at least a year maximum. Now, to resolve this issue, Sen. Chris Pearson proposed to amend the bill, so the Legislature's Joint Fiscal Committee can have temporary authority to approve fees and allow businesses to begin to receive licenses to sell marijuana before the year 2022.
Also, the bill will provide a fund called the "Cannabis Business Development Fund" which will provide loans and grants for people of color and people who have been affected by marijuana laws, so they can also have an opportunity to participate in the upcoming market. This is part of the bill that will help improve social equity issues. The bill will provide $500,000 for this particular fund.
Hey! My name is Alex Haddley. I'm currently a senior at Valdosta State University. I graduate this spring with a major in Communications with a focus in Public Relations as well as a minor in African American studies. During my free time, I enjoy shopping and hanging out with my friends and family. I'm very excited to officially be a part of the team!