Vermont: House Committee Proposes a 20 Percent Tax on Pot and Advances Bill

Vermont: House Committee Proposes a 20 Percent Tax on Pot and Advances Bill

Vermont publication 7 days reports The bill that would create a retail cannabis market in Vermont is on the move again — this time, with a new tax structure. On Wednesday, the House Ways and Means Committee voted 7-3 to advance S.54 with a 20 percent tax on all retail cannabis sales. The state tax figures align with those in Massachusetts, which set up an adult-use cannabis market in 2018, said chair Rep. Janet Ancel (D-Calais). “We felt that 20 percent … is a good place to land,” Ancel said after the vote. “I think there might be some tolerance for it being a…

Excerpt only …
READ MORE BELOW
Source : CANNANNEW REPORT
Link to original : Vermont: House Committee Proposes a 20 Percent Tax on Pot and Advances Bill
reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.