Economic Report Shows Potential For Badly Needed Revenue if Vermont Lawmakers Finalize Passage of Bill to Regulate and Tax Cannabis

FOR IMMEDIATE RELEASE Wednesday, August 5, 2020 Analysis suggests that S. 54 will likely generate more revenue than previously anticipated — if  legislators decide they want to begin sales in 2021, the state could generate over $175 million in cannabis taxes through 2025 Montpelier, VT — On Wednesday, advocates for regulating and taxing cannabis touted the release of an economic report that illustrates how regulating cannabis markets could help Vermont recover from the economic recession. The report, authored by  Andrew Livingston, Director of Economics and Research at Vicente Sederberg, LLP, indicates that previous revenue estimates by the Joint Fiscal Office are probably lower…

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Source: TNMNews