Vermont Legislature Enacts Law on Cannabis, Expands Excise, Sales Tax Exemptions

Bloomberg

The Vermont Legislature enacted a law concerning cannabis. The law includes: 1) expanding the cannabis excise tax exemption for sales to include any retailer licensed with a medical-use endorsement as authorized under 7 V.S.A. chapter 33 concerning cannabis establishments, and providing that the cannabis or cannabis product is sold only to “registered patients” rather than “registered qualifying patients;” 2) expanding the sales and use tax exemption for sales to include any retailer licensed with a medical-use endorsement as authorized under 7 V.S.A. chapter 33 and requiring a retailer selling cannabis or cannabis products that are exempt to retain information pertaining …

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