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BURLINGTON, Vt. (WCAX) – We’re taking a closer look at how other states manage their cannabis industries as Vermont regulators pause new retail and tier two cultivation applications.
In less than two years, Vermont has issued just over 90 retail cannabis licenses. Now, the Cannabis Control Board is putting a stop to the green rush. The board doesn’t want the market to become more saturated and will write new rules after legislators gave them the power to form regulations that influence geographic distribution based on population.
Oregon went through a similar process. I spoke with a leader of the Oregon Retailers of Cannabis Association who lobbied for a cap on applications to ease their market, which has been plagued with business owners filing for “receivership” after unregulated oversaturation of their market.
“I’m hoping that in Vermont, because they hopefully have looked around at the rest of the country and seen the struggles that we’ve had, that if you put a cap on, like you’re contemplating, I think that will only do good,” said Marianne Cursetjee of the Oregon Retailers of Cannabis Association.
The board says they want to protect growers, sellers and communities.
But not all in the industry are in favor of the decision. One retailer I spoke to said the market will decide on its own who stays and who goes.
The board will temporarily stop accepting applications on Nov. 15.
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