Vermont’s legal marijuana market recorded $11.38 million in sales in January, according to data from the state’s Department of Taxes.
January’s sales total resulted in $1.59 million in tax revenue, including the state’s 14% excise tax and 6% sales tax.
January’s sales reflect a slight decrease from the $11.82 million recorded in December but mark a more than 9% increase from the $10.42 million sold in January 2024.
Vermont legalized recreational marijuana in 2018, becoming the first state to do so through its legislature rather than a voter-approved initiative. However, the law initially only allowed personal cultivation and possession. The state legislature later approved a regulated commercial market in 2020, with legal sales beginning in 2022.
Vermont imposes a 14% excise tax on marijuana sales, with 30% of the revenue allocated to substance abuse prevention programs and the remaining 70% directed to the state’s General Fund.
