Vermont's Governor Phil Scott has said he will allow the regulation and sale of cannabis products without veto in Vermont.
Typically, marijuana legalization has occurred via the use of a vote at the ballot box, however, Vermont represents the second state to depart from this method by using legislation instead. The first state to do so was Illinois in January this year.
Similar to Australia's Capital Territory, Vermont actually legalized the possession and use of recreational marijuana in 2018, however, no framework for the production and sale of adult-use cannabis was authorized at the time.
Gov. Scott's allowance of regulated cannabis sales and distribution represents an exciting step forward for the industry, particularly given that he is a Republican, a party that is typically less favorable toward cannabis.
"The significance of Vermont's decision to legalize and regulate cannabis sales, especially in a state with a Republican governor and through the legislative process, cannot be overstated," Said the Executive Director of Marijuana Policy Project Steven Hawkins said in a news release.
"This is an historic move that adds to the momentum of our movement and underlines its breadth and depth, and importantly, it comes as other state legislatures are poised to seriously consider legalization in the very near future."
According to a report by Regulate Vermont, the cannabis industry in Vermont could be worth roughly $264 million by 2025.
Vermont is expected to begin recreational cannabis sales in October 2022.
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