Vermont Advisory panel to recommend 26% tax on cannabis sales

By Kit Norton/VTDigger The subcommittee on taxation and regulation will be recommending to the Governor’s Marijuana Advisory Commission that the state adopt the highest tax rate on recreational cannabis currently in New England. It will be recommended to the the full committee next month that Vermont adopt a 26 or 27 percent tax rate on cannabis sales – Massachusetts has a tax rate up to 20 percent and Maine has a 10 percent state retail sales tax, according to the drafted document.

Source: Advisory panel to recommend 26% tax on cannabis sales