MJBizMag November-December 2022 - 45

INDUSTRY DEVELOPMENTS
Vermont
Long lines, strong demand and a celebratory atmosphere marked Oct. 1, the first day of recreational
marijuana sales in Vermont.
Mountain Girl Cannabis in Rutland, Flora Cannabis in Middlebury and Ceres Collaborative in South
Burlington-the state's first dispensaries to transition from medical to adult-use sales-all shared
similar stories of success and enthusiasm.
About 50 retailers have prequalified for licensing.
Despite the rosy recap, retailers did voice concerns about limited supply and product selection as
cultivators and processors ramp up production.
Flora co-founder Dave Silberman said the 500-square-foot retail space handled about four times the
typical number of daily transactions on opening day, offering nine strains of THC flower, two strains of
CBD flower and an assortment of pre-rolls.
Silberman said he expects the store to eventually generate half its revenue from non-flower
products.
" We have none of those products available, " he said shortly after sales began. " I hope within a week,
we'll start having gummies in. "
Vermont retailers this year are projected to generate between $3 million and $5 million in
recreational sales, with 2023 sales projected to jump to $40 million-$65 million.
Note: Entries sourced from MJBizDaily and other international, national and local news outlets. These developments
occurred before this magazine's publication deadline, so some situations might have changed.
mjbizdaily.com | November-December 2022 43

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MJBizMag November-December 2022

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