VT Cannabis Control Board: Key Oct. 1 Licensing Report Postponed
MONTPELIER — Vermont’s Cannabis Control Board was due to deliver a much-anticipated key report on fee structure recommendations to lawmakers this Friday. The regulatory board is recommending how many licenses should be issued, and how much those licenses will cost, and was slated to present that report this Friday.
The board says they want to take their time and get the details right, and the report has been pushed back a few weeks. In the coming weeks, they’re also looking for as much public input as possible.
Projections of how much money the market will bring in were also due out last Wednesday. James Pepper, the chair of the Cannabis Control Board, told WCAX last week that a new analysis estimates the state will need upward of 500,000 square feet of canopy to meet demand.
The report would have been timely – According to the current timeline, cannabis products will be on sale to the public by October 1 of next year.
The next full Vermont Cannabis Control Board Meeting is this Friday, October 1.