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Land Access & Opportunity Board urges dedicating cannabis excise tax to housing, proposes $1 million business-development fund
Summary
The Land Access and Opportunity Board told the Senate committee on April 23 that dedicating a portion of cannabis excise tax revenue to community reinvestment could fund down-payment assistance, capital for emerging developers and technical assistance to help marginalized Vermonters access land and housing.
Representatives of the Land Access and Opportunity Board (LAOB) presented the committee with recommendations from the Act 166 working group and the CCB report, urging that a portion of cannabis excise tax revenue be dedicated to community reinvestment.
For the record, Sorneda Mata Puyeroa, director of Advocacy and Community Engagement for the Land Access and Opportunity Board, and Jean Hamilton, director of program development for the LAOB, described the board—a 22-seat body representing marginalized communities—and outlined how cannabis-related revenue could fund land- and housing-focused programs.
The LAOB endorsed two specific finance ideas…
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