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Committee considers routing excess cannabis excise revenue to land‑access fund for impacted communities
Summary
Amendment language introduced by a senator would create a Vermont Land Access and Opportunity Fund (managed by VHCB) and redirect a portion of cannabis excise revenue that exceeds forecasted amounts to that fund, prompting debate about the existing Cannabis Business Development Fund and one‑time seed money for social‑equity initiatives.
Senators discussed an amendment that would create a Vermont Land Access and Opportunity Fund, add a member to the Vermont Land Access and Opportunity Board, and direct some excess cannabis excise revenue to that fund instead of exclusively into the cannabis regulation fund.
Sen. Kirby Heathland and other sponsors described the proposal as a mechanism to direct any revenue beyond the official forecast toward community reinvestment and land‑access priorities administered by Vermont Housing and Conservation Board (VHCB) and the Land Access and Opportunity Board…
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