skip to Main Content
In a Marijuana Market with Little Competition, Vermont Looks for More

Vermont’s handful of medical marijuana dispensaries have exclusive permission to grow and sell marijuana in the state.  If and when lawmakers legalize non-medical weed, they will likely have a head start on a very profitable industry.

From the outside, Shayne Lynn’s 2,800-square-foot building in Milton looks more like an insurance company’s headquarters than a marijuana production plant.  Inside, thousands of marijuana plants grow under artificial light. Some are secured behind glass windows, others obscured inside shipping containers.

“We’ve been here probably roughly two years in this building now,” Lynn says as he walks upstairs. “So I would say every month there’s something new going on.”

Near a commercial kitchen, people assemble vape pens and place lozenges into packaging. Lynn’s 50 employees take cannabis from tiny clones and get it into customers’ hands.

That is how lawmakers and officials wanted it. State law allows five dispensaries to grow, process and sell medical marijuana. Each is assigned to a region, and patients have to commit to one dispensary. There is virtually no competition outside of the black market and home growing.

“That would be an oligopoly,” explains Sara Solnick, chair of economics at University of Vermont, in response to a description of the current system. An oligopoly is a market controlled by just several businesses. [Read more at Vermont Public Radio]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Ahead of Emerald Cup Harvest Ball, cannabis growers raise alarm over taxes, regulations

About 30,000 cannabis enthusiasts are expected to trek through the Sonoma County Fairgrounds next weekend for the revamped Emerald Cup Harvest Ball, a celebration all about the plant that has been a social, regulatory and business fixture for decades in Northern California. Those pot lovers will learn about new, innovative weed strains, while some of…

State board decides against warning labels on cannabis products

The Vermont Cannabis Control Board has decided not to recommend specific warning labels on the health effects of cannabis products, and James Pepper, the board chair, explained to VTDigger how the board made the decision. The Vermont Medical Society urged the board and the Legislature this week to require warnings that cannabis and its main…

Groups From 56 Countries Ask UN To Ensure Secretive ‘Cannabis Initiative’ Is Open To Public Scrutiny

ONE year on from the formal recognition of the potential for cannabis as a medicine almost 200 global advocacy and civil society groups are backing for calls for greater transparency over emerging new cannabis guidelines. On December 2, last year the United Nations Commission on Narcotic Drugs (CND) rescheduled cannabis recognising its medical properties for…

San Francisco Suspends Cannabis Tax To Combat Illegal Marijuana Sales

SAN FRANCISCO (BCN) — San Francisco supervisors on Tuesday unanimously approved an ordinance to suspend the city’s Cannabis Business Tax through the end of next year, in an attempt to curb illegal marijuana sales. According to Supervisor Rafael Mandelman, the legislation’s author, suspending the city business tax through Dec. 31, 2022, would help support legal…

More Categories

Back To Top
×Close search
Search