Vermont eschews restrictive adult-use cannabis labeling, potency cap
Vermont recreational cannabis regulators decided against more restrictive product warning labels and a THC potency cap advocated by a state doctors group.
Vermont Medical Marijuana News
Vermont recreational cannabis regulators decided against more restrictive product warning labels and a THC potency cap advocated by a state doctors group.
A coalition of Vermont doctors is urging state lawmakers to cap the amount of THC allowed in all cannabis products at 15%, a move that, if implemented could have major ramifications for marijuana companies in the state.
Toronto-based marijuana manufacturer Slang Worldwide said Tuesday it has taken a $17.3 million loan and accepted resignations from its CEO and five board members.
Vermont estimates the state’s new adult-use marijuana market will top $220 million in annual sales by 2024.
But getting there might be a slog, once sales begin next year.
Both indoor and outdoor marijuana and hemp growers can give themselves a leg up by thinking ahead when it comes to arguably the most crucial step in the entire cultivation process: harvest.
Cannabis consumer packaged goods and brands company Slang Worldwide has announced an agreement to acquire High Fidelity, a vertically-integrated Vermont marijuana company, in a deal worth at least $17.25 million – and perhaps more than $25 million.
Vermont Gov. Phil Scott signed a bill into law to establish a fund to help people of color and others impacted by the war on drugs to open licensed cannabis companies.