Vermont Bill to Regulate and Tax Cannabis Sales Passes Final House Committee

Montpelier, VT - February 25, 2020 (Investorideas.com Newswire) On Monday, Vermont's House Appropriations Committee voted in favor (6-5) of a bill that would legalize, regulate, and tax cannabis sales for adults 21 and older. S. 54 previously passed the House Government Operations Committee in a unanimous vote, the House Ways and Means Committee in an 8-3 vote, and the Senate in a 23-5 vote.

The bill is now expected to proceed to the House floor for a vote later this week.

Laws regulating and taxing cannabis for adult use have been enacted in 10 states. Vermont and Washington, D.C. are the only two U.S. jurisdictions where cannabis is legal but not regulated for adult use.

A new poll conducted by Public Policy Polling and commissioned by the Marijuana Policy Project found that an overwhelming 76% of Vermont residents support allowing adults 21 and over to purchase cannabis from regulated, tax-paying small businesses. The complete results are available here.

Statement from Matt Simon, New England political director at the Marijuana Policy Project:

"Vermonters should be proud of their elected officials for heeding the will of voters and advancing this important legislation. Cannabis regulation is necessary in order to protect consumers and address important public health and safety issues facing the state. It's time for the House to join the Senate in recognizing that prohibition has failed, and that Vermonters are overwhelmingly ready for a more sensible approach to cannabis."

The Marijuana Policy Project is the nation's largest marijuana policy organization. It has been a leading advocate for federal marijuana policy reforms since its founding in 1995, and it has played a leading role in most major state-level reforms that have occurred over the past two decades. For more information, visit https://www.mpp.org.

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