Vermont Medical Marijuana News
The U.S. cannabis industry is benefiting from long-desired tax relief now that an increasing number of states – 20 so far – have approved laws that exempt, or “decouple,” businesses from Section 280E of the federal tax code.
MJBizDaily mapped a series of visuals illustrating where each marijuana multistate operator is operational.
A cannabis grower in Vermont was fined $20,000 for delivering marijuana to an unlicensed MJ store in New York and posting a video on Instagram.
Vermont began recreational marijuana sales only three months ago, and in that time, the number of stores has jumped from a handful to about two dozen – and more are expected to open in the near future.
Recreational cannabis stores in Vermont took in $2.6 million in October, the first month of adult-use sales.
Alaska’s recreational marijuana taxes are the highest in the country, and New Jersey’s are the lowest.
That’s according to Richard Auxier and Nikhita Airi, the authors of the Urban-Brookings Tax Policy Center’s September report, “The Pros and Cons of Cannabis Taxes.”
Many U.S. cannabis cultivators are reporting this year’s fall harvest, known in the industry as Croptober, saw favorable growing conditions and little to no adverse weather events, leading to a bumper crop.
