With legalization on the horizon, Vermont’s five permitted dispensaries, who currently have an exclusive right to sell cannabis, are well positioned to leverage their established track record for some of the state’s first recreational licenses. Outside of those registered as patients or caregivers on the state’s medical marijuana registry and a robust black market, these dispensaries currently form an oligopoly, with a local market effectively controlled by a small number of businesses.
Established hemp farms are looking from the outside in on the state’s existing cannabis industry. With cultivation experience, they’re hoping for a legal way to make a buck off of the industry boom, and dispensaries aren’t turning their nose up at the prospect.
Speaking with Vermont Public Radio, Shayne Lynn, Executive Director of Champlain Valley Dispensary and Southern Vermont Wellness posits, “It can be a little lonely… how can we get them in?” He hopes state legislators will allow hemp and other licensed farmers to grow medical cannabis, then hopefully recreational. “We couldn’t do that on our own,” Lynn said to VPR. “Hey, if adult usage comes to Vermont, the amount of cannabis that needs to be produced is kinda staggering.”