How Much Does Medical Marijuana Cost in Vermont?

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How Much Does Medical Marijuana Cost in Vermont?

Dispensaries across Vermont charge different prices for comparable medical cannabis products. In addition to location, medical marijuana prices also vary by product types. For example, per weight, cannabis-infused products usually cost more than marijuana flowers and buds. Other important factors affecting medical marijuana cost include the quality and strain of marijuana used in the final product. On average, 1 ounce of high quality marijuana costs $346 in Vermont. The same amount of medium quality marijuana has an average price of $300.

Can You Use a Credit Card at a Dispensary in Vermont?

No. Vermont dispensaries prefer cash and debit payment solutions to credit cards. This is because banks and credit card companies often block marijuana-related transactions. They do so because the US government still regards marijuana as illegal and classifies it as a Schedule I controlled substance.

Does Vermont Tax Medical Marijuana Sales?

No. Vermont does not tax cannabis sold at medical marijuana dispensaries to registered qualified patients or their caregivers. Medical marijuana is exempt from both sales and excise taxes in Vermont.

Does Recreational Marijuana Cost More than Medical Marijuana in Vermont?

Recreational marijuana is likely to cost more than medical marijuana at dispensaries in Vermont. This is because while medical cannabis sales are tax-free, the state levies three types of taxes on the sale of recreational cannabis. In Vermont, at the point of sale, recreational cannabis is subject to a 14% excise tax, a 6% sales tax, and a local option tax in some municipalities.

How to Save Money on the Cost of Medical Marijuana in Vermont

While Vermont has a social equity program that encourages people from disadvantaged groups to participate in its cannabis industry, it does not have a compassionate program offering lower-priced medical cannabis to any group of patients. However, Vermont allows registered patients and caregivers, aged 21 or older, to cultivate up to six mature cannabis plants and 12 immature plants at home for personal use.

Patients in the Vermont medical cannabis program can also save money with dispensary sales events, discounts, and loyalty programs. Shopping at different dispensaries near them can also help them get better product selections and lower prices. Another way to save on the cost of medical marijuana prescriptions is switching to edibles. Edibles produce longer-lasting effects than smokable forms of cannabis. This can help patients managing chronic pain reduce their overall spending on medical cannabis products.

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