The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 7 : Alcoholic Beverages, Cannabis, and Tobacco
Chapter 031 : Cannabis
Subchapter 002 : CANNABIS CONTROL BOARD
(Cite as: 7 V.S.A. § 845)-
§ 845. Cannabis Regulation Fund
(a) There is established the Cannabis Regulation Fund, which shall be managed in accordance with 32 V.S.A. chapter 7, subchapter 5. The Fund shall be maintained by the Cannabis Control Board.
[Subsection (b) effective until July 1, 2025; see also subsection (b) effective July 1, 2025 set out below.]
(b) The Fund shall be composed of:
(1) all State application fees, annual license fees, renewal fees, and civil penalties collected by the Board pursuant to chapters 33 (cannabis establishments) and 37 (medical cannabis dispensaries) of this title;
(2) all annual and renewal fees collected by the Board pursuant to chapter 35 (medical cannabis registry) of this title; and
(3) all cannabis excise tax revenue raised pursuant to 32 V.S.A. § 7902.
[Subsection (b) effective July 1, 2025; see also subsection (b) effective until July 1, 2025 set out above.]
(b) The Fund shall be composed of:
(1) all State application fees, annual license fees, renewal fees, and civil penalties collected by the Board pursuant to chapters 33 (cannabis establishments) and 37 (medical cannabis dispensaries) of this title;
(2) all annual and renewal fees collected by the Board pursuant to chapter 35 (medical cannabis registry) of this title; and
(3) [Repealed.]
(c) Monies from the Fund shall only be appropriated for the purposes of implementation, administration, and enforcement of this chapter and chapters 33, 35, and 37 of this title.
[Subsection (d) effective until July 1, 2025; see also subsection (d) effective July 1, 2025 set out below.]
(d) The Commissioner of Finance and Management shall do the following not later than July 31 each year:
(1) transfer the unexpended and unobligated balance of the Cannabis Regulation Fund to the General Fund at the close of the prior fiscal year; and
(2) report the amount of the transfer made pursuant to subdivision (1) of this subsection to the Joint Fiscal Committee.
[Subsection (d) effective July 1, 2025; see also subsection (d) effective until July 1, 2025 set out above.]
(d) [Repealed.] (Added 2019, No. 164 (Adj. Sess.), § 2, eff. Oct. 7, 2020; amended 2021, No. 185 (Adj. Sess.), § E.240.1, eff. July 1, 2023; 2021, No. 185 (Adj. Sess.), § E.240.5, eff. July 1, 2025; 2023, No. 65, § 3, eff. June 14, 2023.)
