Starting a cannabis company in Vermont? We’ve put together a state-specific guide covering everything from available license types to fees, regulations, and what you should include in an Vermont cannabis business plan. Jump to a section by clicking below, or go straight to our sample cannabis business plan.
Recreational and medical marijuana are both legal in Vermont. Patients with a recommendation from a healthcare provider in Vermont, Massachusetts, New Hampshire, or New York can possess up to 2 ounces of usable cannabis every 30 days. Adults can have up to 1 ounce for recreational use, but home cultivation is not allowed. Over 4,500 patients have registered for Vermont’s medical marijunana program
Vermont legalized recreational sales of marijuana in October 2020, and the state’s medical marijuana businesses will be allowed to sell to adults over the age of 21 beginning in May 2022. Additional cannabis licenses are expected to start selling products in October 2022. Consequently, things are changing fast. If you're interested in starting a recreational cannabis business in Vermont, we recommend that you subscribe for updates from the Cannabis Control board here.
The Vermont cannabis regulation calls for six types of recreational licenses:
Rretailer: Also called a dispensary, this is a retail storefront where people can purchase marijuana. Dispensaries must follow strict state-mandated protocols for product tracking, security, recordkeeping, and signage.
Cultivator: These businesses, also called grow operations, grow cannabis plants indoors or outdoors. Marijuana is then either sold through a dispensary, to a wholesaler, or to a processor that will create products with it, such as edibles or oils.
Integrated: Vertically integrated cannabis businesses grow, process, and sell cannabis to the public.
Product Manufacturer: Product manufacturers buy cannabis flower from licensed cultivators, then process into extracts and/or create infused products such as edibles and sell them to dispensaries.
Wholesaler: Cannabis wholesalers buy marijuana in bulk, then sells it to other cannabis business license-holders (not the public).
Testing lab: Testing labs test marijuana for pesticides, solvents, THC and CBD concentration, and contaminants.
Ancillary business: There are plenty of other ways to be part of Vermont’s booming cannabis industry. You can create a marijuana app, payment processing service, advertising agency, consulting firm, pest management product, accounting firm, automated plant watering system, security service, packaging labeling service, or legal firm--and that’s just the tip of the iceberg!
Local governments can forbid cannabis companies or certain locations, so check city and county regulations.
Application fees: Vermont has yet to finalize it's application fees.
License fees: Vermont has yet to finalize it's application fees.
Tracking: Vermont will require all cannabis business to use a state-approved tracking system.
Vermont adult-use cannabis businesses will require an operations plan, which is a key part of a cannabis busines plan. Specific requirements for the operations plan is pending. If you plan on raising funding from investors, you definitely need a business plan.
Here’s what an Vermont marijuana business plan should include:
Google your city or municipality name and “cannabis regulations” or “marijuana laws”. If your city or municipality’s website doesn’t have information about cannabis, check recent local news coverage or contact your city clerk, city manager, or town hall.
Confused or overwhelmed yet? That’s normal. With such a highly regulated industry, and one with different rules in every state, starting a cannabis company can be very complex. Get help with your cannabis business plan from Masterplans, the industry leaders. We’ve worked with hundreds of cannabis entrepreneurs like yourself to create investor-ready documents and presentations so you can not only meet regulations but get the funding you need. Click below for your free, confidential consultation: