House and Senate reach deal to establish retail marijuana market

<img data-attachment-id="275285" data-permalink="https://vtdigger.org/2019/05/03/senate-panel-finalizes-budget-focus-social-services/20190503sears2/" data-orig-file="https://vtdigger.org/wp-content/uploads/2019/05/20190503SEARS2.jpg" data-orig-size="2000,1490" data-comments-opened="1" data-image-meta="{" aperture russell d750 dick sears d-bennington reads as the senate appropriations committee considers budget bill at statehouse in montpelier on friday may photo by glenn data-image-title="Sen. Dick Sears" data-image-description="

Sen. Dick Sears, D-Bennington, reads as the Senate Appropriations Committee considers the budget bill at the Statehouse in Montpelier on Friday, May 3, 2019. Photo by Glenn Russell/VTDigger

” data-medium-file=”https://vtdigger.org/wp-content/uploads/2019/05/20190503SEARS2-300×224.jpg” data-large-file=”https://vtdigger.org/wp-content/uploads/2019/05/20190503SEARS2-610×454.jpg” src=”https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-610×454.jpg” data-czlz alt=”Sen. Dick Sears” class=”wp-image-275285″ data-sizes=”(max-width: 610px) 100vw, 610px” srcset=”https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-610×454.jpg 610w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-125×93.jpg 125w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-300×224.jpg 300w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-768×572.jpg 768w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-150×112.jpg 150w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2.jpg 2000w”><img data-attachment-id="275285" data-permalink="https://vtdigger.org/2019/05/03/senate-panel-finalizes-budget-focus-social-services/20190503sears2/" data-orig-file="https://vtdigger.org/wp-content/uploads/2019/05/20190503SEARS2.jpg" data-orig-size="2000,1490" data-comments-opened="1" data-image-meta="{" aperture russell d750 dick sears d-bennington reads as the senate appropriations committee considers budget bill at statehouse in montpelier on friday may photo by glenn data-image-title="Sen. Dick Sears" data-image-description="

Sen. Dick Sears, D-Bennington, reads as the Senate Appropriations Committee considers the budget bill at the Statehouse in Montpelier on Friday, May 3, 2019. Photo by Glenn Russell/VTDigger

” data-medium-file=”https://vtdigger.org/wp-content/uploads/2019/05/20190503SEARS2-300×224.jpg” data-large-file=”https://vtdigger.org/wp-content/uploads/2019/05/20190503SEARS2-610×454.jpg” src=”https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-610×454.jpg” data-czlz alt=”Sen. Dick Sears” class=”lazyload wp-image-275285″ data-data-sizes=”(max-width: 610px) 100vw, 610px” srcset=”https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-610×454.jpg 610w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-125×93.jpg 125w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-300×224.jpg 300w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-768×572.jpg 768w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2-150×112.jpg 150w, https://ja3ga476chj1nc6csy2j81c7-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/20190503SEARS2.jpg 2000w”>

Sen. Party: DEMOCRATIC

Residence: BENNINGTON, VT

View all legislator information” class=”glossaryLink “>Dick Sears, D-Bennington, chair of the Senate Judiciary Committee. File photo by Glenn Russell/VTDigger

Lawmakers in the House and Senate have reached a deal on legislation that would create a legal market for marijuana in Vermont.

Legislators signed off on a compromise proposal late Tuesday evening, after they came to an agreement on how the state would establish an advertisement policy for marijuana businesses—the largest sticking point in final negotiations.

The bill, S.54, which would allow marijuana dispensaries to open up as soon as May 1, 2022, still needs to be approved again by the House and Senate.

But legislators are poised to send the bill to Gov. Phil Scott’s desk next week, where it faces uncertainty.

Under the legislation, marijuana sales would be taxed at a combined 20% tax rate including a 14% excise tax and a 6% sales tax.

In recent weeks, the House and Senate have worked to reach consensus on a variety of provisions in the bill surrounding…

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