Last week the Vermont Senate approved a bill that would legalize marijuana for recreational use in that state, authorizing the licensing and regulation of commercial producers and retailers. If the state House of Representatives follows suit, Vermont will be the first state to legalize marijuana through the legislature rather than the voting booth. Gov. Peter Shumlin, a Democrat, supports legalization and is expected to sign the bill if it passes the House, where its prospects are uncertain.
Like the legalization initiatives approved by voters in four other states, the Vermont bill, which passed the Senate by a vote of 17 to 12, would allow adults 21 or older to possess up to an ounce of marijuana. Unlike most of those initiatives, it would not allow home cultivation. State-licensed growers and merchants could begin operating in 2018. The state would collect a 25 percent excise tax on marijuana, and pot stores would initially be barred from selling edibles. The bill creates a commission to study the possibility of allowing home cultivation and edible sales in the future.
– Read the entire article at Forbes.