Notable Players

A Deeper Look At This State

Regulatory Framework

Governor Phil Scott (R) signed adult-use cannabis legislation in October 2020.  Industry pundits project Vermont to be a ~$150MM market by 2025.

We anticipate the five existing vertically integrated medical licenses to benefit from this. That said, the legislation did not explicitly outline adult-use licensure. This legislation's timeline states that it would formally take effect on October 1, 2020; however, dispensary licenses do not have to be issued until October 1, 2022.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

Vermont is a tiny state and will therefore be a tiny cannabis market. In the absence of sizeable investment opportunities, look to Vermont to brand the first infused maple syrup.

Market Snapshot

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

594/273

By The Numbers

Population

~.62MM

Medicinal Legalization

2004

Adult-Use Legalization

Pending

MMJ Patients

~5K

Monthly Revenue

~$1MM

Cultivation Cap

Based on Patient Need

Cultivation Licenses

5/No Limit (Issued/Limit)*

Retail Licenses

5/No Limit (Issued/Limit)*

Retail License Cap per Operator

1

Vertical Integration

Required

Delivery

Allowed

MMJ Qualifications

Less Restrictive

State Population / # Retail Licenses

~124K

MMJ Patients / # Retail Licenses

*Vertically integrated licenses

Top Cultivators

Notable Market Activity

Quick sentance is needed or wanted

Quick sentance is needed or wanted

Quick sentance is needed or wanted

Proprietary Sharp Capital Advisors data - compiled using various sources including state and local government data
Shit We Don't Know

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