Recreational Cannabis Sales Bill Passes Vermont's House of Representatives
The government of Vermont is on the verge of supplying the missing piece of the state's marijuana legalization effort. On Wednesday, the state House of Representatives passed a bill that would set standards for the sale of the drug for adult recreational use.
The tax and regulate cannabis bill, as it's titled, passed by a comfortable margin of 90 to 54. It now moves back to the state Senate for reconciliation. (That body passed a similar, but not identical, bill last year.)
The bill's provisions include the creation of a Cannabis Control Board to regulate the industry and grant business licenses. A Cannabis Regulation Fund would also be established in order to finance the Board's operations, and other related purposes.
Source Fool.com
