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Vermont Cannabis Sales Top $6 Million in January

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Heady Vermont Staff 3 Apr 2023

MONTPELIER — Cannabis dispensaries in Vermont sold over $6 million worth of products in January of this year, according to a monthly revenue report released last week by the state’s Agency of Administration.

The number marks a slowdown in the exponential growth rate of the first three months since the state’s adult use market saw a modest launch in October of 2022, with just three Vermont dispensaries licensed and open.

Since then, that number has increased to more than 40 retail establishments, with 48 Vermont dispensaries approved for licensure as of last week’s monthly meeting.

Vermont cannabis retailers sold $6,061,807 worth of products in January. The 14% cannabis excise tax, which must be applied to all adult use cannabis purchases at retailers, brought in $848,653.

An additional 6% sales tax, which must also be leveraged on cannabis products, brought in another $363,708.

In December, Vermont dispensary sales totaled around $5.7 million, a notable increase from the previous month’s $3.8 million in November cannabis sales.

Click to access Revenue_Press_Release_February_2023.pdf

A screenshot of the Vermont Department of Taxes Monthly Press Release from February 2023. The Total to Date column shown is cumulative, with the State of Vermont’s fiscal year starting July 1 and ending June 30.

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