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Searching 2023-2024 Session

The Vermont Statutes Online

 

Title 32 : Taxation and Finance

Chapter 207 : CANNABIS EXCISE TAX

(Cite as: 32 V.S.A. § 7909)
  • § 7909. Substance misuse prevention funding

    [Subdivision (a) effective until July 1, 2023; see also subdivision (a) effective July 1, 2023 until July 1, 2025, and subdivision (a) effective July 1, 2025 set out below.]

    (a) Thirty percent of the revenues raised by the cannabis excise tax imposed by section 7902 of this title, not to exceed $10,000,000.00 per fiscal year, shall be used to fund substance misuse prevention programming.

    [Subdivision (a) effective July 1, 2023 until July 1, 2025; see also subdivision (a) effective until July 1, 2023 set out above; and subdivision (a) effective July 1, 2025 set out below.]

    (a) Thirty percent of the unexpended and unobligated balance of the Cannabis Regulation Fund that is transferred to the General Fund pursuant to 7 V.S.A. § 845(d)(1), not to exceed $10,000,000.00 per fiscal year, shall be used to fund substance misuse prevention programming in the subsequent fiscal year.

    [Subdivision (a) effective July 1, 2025; see also subdivision (a) effective until July 1, 2023, and subdivision (a) effective July 1, 2023 until July 1, 2025, set out above.]

    (a) Thirty percent of the revenues raised by the cannabis excise tax imposed by section 7902 of this title, not to exceed $10,000,000.00 per fiscal year, shall be used to fund substance misuse prevention programming in the subsequent fiscal year.

    (b) If any General Fund appropriations for substance misuse prevention programming remain unexpended at the end of a fiscal year, that balance shall be carried forward and shall only be used for the purpose of funding substance misuse prevention programming in the subsequent fiscal year.

    (c) Any appropriation balance carried forward pursuant to subsection (b) of this section shall be in addition to revenues allocated for substance misuse prevention programming pursuant to subsection (a) of this section. (Added 2021, No. 62, § 18, eff. March 1, 2022; amended 2021, No. 185 (Adj. Sess.), § E.240.2, eff. July 1, 2023; 2021, No. 185 (Adj. Sess.), § E.240.6, eff. July 1, 2025.)