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    cannabis investing

    Bill to Legalize Recreational Marijuana Passes in Vermont Senate

    Teresa Matich
    Feb. 26, 2016 12:08PM PST
    Cannabis Investing News

    RT News reported that the Vermont Senate has given the green light to a bill that would legalize recreational marijuana. The law would create a 25 percent sales tax on marijuana if passed.

    RT News reported that the Vermont Senate has given the green light to a bill that would legalize recreational marijuana. The law would create a 25 percent sales tax on marijuana if passed.
    As quoted in the publication:

    The bill would allow adults age 21 or older to possess up to an ounce of marijuana, and create licenses for retailers and growers.
    This wouldn’t make Vermont the first to legalize pot – four states and the District of Columbia have made recreational use of the drug legal. However, all of those places had their laws passed in referenda where voters were asked about the issue, bypassing their legislatures.

    Click here for the full article.

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