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Vermont House of Representatives Passes Bill to Regulate and Tax Cannabis Sales

S. 54 will receive a final House vote tomorrow before it proceeds to the Senate

 

Montpelier, VT - February 27, 2020 (Investorideas.com Newswire) On Wednesday, the House of Representatives voted in favor (90-54) of a bill that would legalize, regulate, and tax cannabis sales for adults 21 and older. This is the first time the Vermont House has passed a bill to legalize cannabis sales.

S. 54 will now be scheduled for a final House vote, which is expected tomorrow. If it passes there, it will return to the Senate, which has already approved a different version of the bill in a 23-5 vote. The House and Senate will have to agree on a final version of the bill before it can proceed to Gov. Phil Scott's desk.

A summary of the bill can be found here.

Vermont legalized possession and cultivation of cannabis for adults 21 and over in 2018, marking the first time any state legislature legalized cannabis for adults' use through the legislative process rather than through a voter initiative. If the bill is enacted, Vermont would join the 10 states that have laws regulating and taxing cannabis for adult use.

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

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

"Vermonters are overwhelmingly ready for regulated sales of cannabis to begin. The House should be applauded for advancing this important legislation, but the legislature's work remains far from complete. The House and Senate will have to cooperate in the coming weeks to agree on a final bill to send to Gov. Phil Scott. This process presents a great opportunity for the governor and legislature to work together and move Vermont forward on cannabis policy."

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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