There was over $11 million in legal marijuana sold in Vermont in December.
There was $11.77 million worth of marijuana and marijuana products sold in January via licensed marijuana stores, resulting in $1.65 million in tax revenue. This is according to data released today by the Vermont Department of Taxes
In 2024, Vermont marijuana stores sold $139.19 million worth of product, resulting in $18.48 million in tax revenue. All-time sales are now above $270 million.
Vermont legalized marijuana in 2018, becoming the first state to approve recreational marijuana through its legislature rather than a ballot initiative. The law allows those 21 and older to possess up to one ounce of marijuana and grow up to two mature and four immature marijuana plants for personal use.
Initially, the 2018 law did not allow commercial sales. However, in 2020, the state legislature approved a bill to regulate and tax marijuana sales. Governor Phil Scott allowed the bill to become law without his signature, and the legal market officially launched in 2022.
Retail marijuana sales in Vermont are subject to a 14% excise tax and a 6% state sales tax.
Revenue from the excise tax is divided, with 30% allocated to substance abuse prevention programs and 70% directed to the state’s General Fund.
