Vermont Marijuana Tax Revenue 2024

What is the Tax Rate for Marijuana in Vermont?

Recreational Cannabis Tax

Vermont has established specific taxes for recreational cannabis to regulate its sale and generate revenue for the state:

  • Excise Tax: 14% on the retail sale of recreational cannabis and cannabis products.
  • Sales and Use Tax: 6% on recreational cannabis purchases.
  • Local Option Tax: An additional 1% may apply in certain municipalities.

Medical Cannabis Tax

In Vermont, medical marijuana is exempt from both sales tax and excise tax. This exemption is intended to make medical cannabis more affordable for patients who require it for medical purposes.

Vermont Cannabis Industry Taxes

Marijuana businesses in Vermont collected substantial excise taxes on recreational cannabis, with the highest monthly collection being $1.8 million in August 2024.

Filing Period Filers Excise Tax
Aug 2024 78 $1,800,000
Jul 2024 78 $1,730,000
Jun 2024 78 $1,590,000
May 2024 76 $1,600,000
Apr 2024 76 $1,590,000
Mar 2024 76 $1,600,000
Feb 2024 76 $1,490,000
Jan 2024 74 $1,460,000
Dec 2023 72 $1,550,000
Nov 2023 69 $1,340,000
Oct 2023 67 $1,430,000
Sep 2023 66 $1,450,000
Aug 2023 61 $1,510,000
Jul 2023 60 $1,430,000
Jun 2023 56 $1,290,000
May 2023 54 $1,200,000
Apr 2023 54 $1,120,000
Mar 2023 48 $1,110,000
Feb 2023 45 $930,000
Jan 2023 37 $850,000
Dec 2022 32 $780,000
Nov 2022 30 $530,000
Oct 2022 11 $350,000

Last updated: October 21, 2024

Source: Vermont Department of Taxes