Vermont Cannabis Real Estate & Regulations
Zoned Properties in Vermont
Population:
645,570 (2021)
Local Zoned Broker:
Affiliated Partnerships Available
Number of Retail Licenses:
58
Licensing Status:
Awarding licenses since 2022
Legal Status:
Recreational
Cannabis Sales:
$18.7 million (Gross Retail Sales Since Legalization Up To February 2023)
License Dynamic:
Limited
Delivery Allowed:
Yes
Drive Thru Allowed:
No
Find Compliant Cannabis Real Estate Properties With Ease In Vermont!
As a Cannabis operator, you understand that finding properties for your business goes beyond simply buying out a beautiful building. You know the property must comply with state and local zoning regulations, promote business growth, and appreciate value.
The process of finding such properties, especially in Vermont, is daunting, which is why you need professional help to escape consequences such as
- Cease and desist orders,
- Revocation of license,
- Reputational risk,
- Business disruption and closure,
- Limited market reach,
- Low community acceptance,
- Security and safety concerts, and more.
That’s why you need Zoned Properties. Whether you’re looking for properties for a dispensary, cultivation facility, production operations, or even a testing laboratory, our experts will help ease up the process of finding compliant, business-friendly properties.
Site Identification
Our experts will perform comprehensive due diligence, in-depth zoning analysis, and physical property inspections to ensure the property complies with state and local laws and has suitable facilities and modifications to support your business.
Brokerage
We work with experienced brokers to facilitate Cannabis real estate transactions and provide expert guidance in buying, selling, leasing, or renting real estate properties. We have a deep connection with attorneys, lenders, contractors, and consultants, giving us access to the best deals.
Investment
We’ve done the heavy lifting of researching the industry, considering legal and compliance issues, creating exit strategies, and building a success-driven investment strategy to assure you of a profitable investment. Let’s manage your Cannabis real estate portfolio for you.
Ready To Invest In Cannabis Real Estate In VT?
The Cannabis real estate market in Vermont is relatively new and has a lot of growing to do. Businesses are constantly looking for scarce Cannabis real estate properties to invest in. This makes it even more scarce and difficult to find, even for experts.
But not for us, at Zoned Properties. We work with prolific Cannabis real estate brokers to find and identify prime properties that foster business growth, promise high ROI, and comply with state and local zoning regulations.
Don’t wait to get the bottom of the barrel; take action now to invest in the most profitable, compliant Cannabis real estate properties in Vermont. Work with our experts to get the best deals on Cannabis real estate today!!
Vermont Cannabis Regulations
State Cannabis Overview: Cannabis became legal in Vermont for medical use in 2004 and recreational use in 2018. In October 2020, Vermont took a step further by passing legislation to establish a regulated cannabis market. The law authorized the creation of a licensing system to allow for the legal cultivation, production, and sale of cannabis products.
However, it wasn’t until 2022 that the first recreational Cannabis retail sales began. Since then, the market has gradually grown, exceeding expectations. The state charges a 14% excise tax and a 6% sales tax on every $100 spent on Cannabis products.
Licensing: The Vermont Cannabis Control Board (CCB) was established to oversee the development and regulation of the state’s cannabis market. Its responsibilities include creating rules and regulations, licensing cannabis businesses, and ensuring compliance with established laws. The state has issued 58 Cannabis retail licenses so far.
Below is a list of recognized Cannabis businesses that are eligible for a license in Vermont:
- Cultivators;
- Testing Laboratories;
- Integrated Licenses.
- Product Manufacturers;
- Retailers (dispensaries);
- Wholesalers;
Local Authority: The legislation that legalized recreational Cannabis in Vermont allows municipalities to prohibit or regulate cannabis establishments within their boundaries. This means that individual towns, cities, and counties can opt out of the cannabis market and not allow cannabis businesses to operate within their jurisdiction.
Local authorities also have the right to regulate Cannabis businesses on zoning and land use, manner and times of operation, and more. They’re also allowed to levy a tax on the use and sale of recreational Cannabis within their jurisdiction.
At Zoned Properties, we can help you maneuver the intricacies of finding compliant, business-friendly Cannabis real estate properties with ease and speed. Send us a message today or call: 18773608839
Median Age: 42.8 years
Median Income: $32,959
Regulations last updated as of: August 2023
Have any Questions?
How much is a dispensary license in Vermont?
Vermont charges five fees to own and run a Cannabis dispensary. Below is a breakdown of those fees and how much they cost:
- Non-refundable application fee – $1,000
- Annual license fee – $10,000
- Cannabis establishment identification cards – $50
- Local licensing fee – $100
- Product license – $50 for each type of Cannabis product.
The state charges differently for other Cannabis establishments, including cultivation, manufacture, and testing.
How big is the Cannabis Market in Vermont?
The Cannabis market in Vermont is new for recreational Cannabis and has not yet made the huge dollars like other states. However, sales have exceeded projections, as they hit a record high in February 2023, making a whopping $6.5 million. In 2022 alone, just two months after sales launched, the state recorded $6 million in sales.
With Cannabis prices staying high compared to other states, Vermont projects excise taxes to reach $21.7 million by the end of the 2025 fiscal year.
What is the cheapest state to start a cannabis business?
Determining the cheapest state to start a cannabis business can depend on various factors, including licensing fees, regulatory requirements, taxes, and the overall cost of doing business. However, it’s important to note that the cannabis industry is highly regulated, and costs can vary significantly based on the specific state’s legal framework and market conditions.
Below are some of the cheapest states to start a Cannabis business:
- Oregon
- Vermont
- Colorado
- Nevada
Still have questions? Contact us
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://en.wikipedia.org/wiki/Cannabis_in_Vermont
https://ccb.vermont.gov/licenses (NUMBER OF LICENSES)
https://cannaspire.com/how-to-open-a-dispensary-in-vermont/
https://headyvermont.com/?s=Total+cannabis+sales (total cannabis sales up to February 2023)
https://legislature.vermont.gov/Documents/2024/WorkGroups/House%20Ways%20and%20Means/Cannabis%20Revenue/W~Ted%20Barnett~Cannabis%20Revenue%20Update~1-20-2023.pdf
https://aoa.vermont.gov/sites/aoa/files/documents/Revenue_Press_Release_December_2022.pdf (Total sales up to December 2022)
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