Londonderry eyes 2% local revenue tax on commercial pot – Chester Telegraph

The selectboard of the Windham County town of Londonderry is discussing the benefits of the two percent local tax on commercial cannabis, should S54 passes the Legislature next year.

“At the board meeting on Monday, Nov. 18, board member George Mora said it might be in Londonderry’s interest to allow such a retail outlet since the town could get a portion of the taxes collected on sales. According to Marijuana Moment, the bill as written would collect a 16 percent excise tax and allow for a two percent “cannabis local option tax.” The bill passed the state Senate last January and is currently before a House committee. Board member Bob Forbes said it’s not a sure thing that the Vermont General Assembly will pass the bill.

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