Vermont Regulators Pause Accepting New Retail Cannabis Licenses – Ganjapreneur | How to buy Skittles Moonrock online

Vermont regulators last Thursday halted accepting new cannabis retail applications and some cultivation requests. WCAX reports. James Pepper, the chair of the Cannabis Control Board, said that the decision was made to combat the “problem” of retail saturation.

“You cannot get a bank to start a cannabis business. You cannot have a credit line to cover your monthly expenses. You don’t get bankruptcy protection if you’re low on cash. You must pay exorbitant tax. You can’t deduct the normal business expenses you would have if you were in any other type of business. You stack them all up and it’s an extremely challenging market.” — Pepper, WCAX

Pepper told VT Digger There is a “really unethical distribution” of retail licenses due to the fact that 30% of the communities in the state prohibit their operation. There are over 80 Dispensaries In the state.

In just under two-years, the state issued just over 90 retail marijuana licenses. The board will pause the application process for retail licenses and tier 2 cultivation licenses, which allow up to 2,500 sq. ft. of cultivation.

Since October 2022, two cannabis retailers have closed their doors. VermontThe report states. Ten dispensary applications are still pending.

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