Analysis: Potential Commercial Cannabis Demand, Sales and Tax Revenue in Vermont
By Andrew Livingston
Aug 12, 2020
This economic report examines the potential tax revenues associated with S.54, the Vermont bill to regulate and tax cannabis sales.
Economics & Research
Vicente Sederberg LLP's proprietary projection models and comprehensive knowledge of the laws that structure cannabis markets enable us to offer a broad range of customizable research and analytical services that deliver valuable insights to private and public sector clients, providing them with a data-driven basis for their business or policy decisions.
In addition to informing clients' business and product development decisions, our patient projections and demand models have contributed to winning medical marijuana business license applications in many of the nation's most competitive state licensing processes, including Florida, Hawaii, Maryland, New York, North Dakota, Ohio, and Pennsylvania.
We have been developing detailed models to understand cannabis market dynamics since well before the nation's first legal adult cannabis sales. Our team members have spent years researching and shaping medical and adult-use cannabis markets in the U.S. and internationally, earning VS a reputation as a go-to source for businesses, trade associations, governments, and media members seeking reliable information and analysis.
LEADERSHIP
Services
Select a category below to learn more about our economic and research services.
- Statewide economic projections of medical and adult-use cannabis markets
- Demand forecasting for state cannabis programs
- Business pro forma creation and review
- Tax revenue projections for local governments and new cannabis initiatives
- Supply and demand modeling to predict market capture and opportunities for growth
- Analysis of competitor market penetration based on publicly available data
- Growth projections for specific cannabis product categories and market segments
- Patient population growth models in medical states
- National research on regulatory issues facing different cannabis products and services
- Strategic guidance identifying states and municipalities where market conditions provide optimal business opportunities
- Epidemiological research to estimate patient statistics
- Multilayered analysis of local governments’ zoning locations for business development
- Research on trends for new cannabis products and services
Experience
- Projected market size and designed business pro forma for clients who submitted successful licensing applications in more than a dozen highly competitive markets, including Arkansas, Connecticut, Florida, Maryland, New York, North Dakota, Ohio, and Pennsylvania
- Creating multiple comprehensive models and detailed written analysis for Massachusetts adult-use market demand, supply and licensing to evaluate entrance strategy
- Evaluated market demand and past corporate deals to identify potential edible product licensing partners in Florida
- Designed models to understand seasonal market demand on the island of Nantucket for successful retail store license
- Performed in-depth corporate analysis of multi-state cannabis operators to guide strategic due diligence for potential national licensing partners
People
News
Illinois Cannabis: Regulatory Update for Investors with Jerrico Perez and CanopyBoulder
Jul 27, 2020
Join VS attorney Jerrico Perez on the CanopyBoulder Investor Hub for information on the state of the Illinois market and where the opportunities lie for investors.
Missouri Cannabis: Regulatory Update for Investors with Carl Werner and CanopyBoulder
Jul 17, 2020
Watch this interview with Carl Werner on the CanopyBoulder Investor Hub for information on the state of legal cannabis in Missouri and where the opportunities lie for investors.
Andrew Livingston Discusses Cannabis and COVID-19 on Thinking Outside the Bud Podcast
Apr 15, 2020
Andrew Livingston discusses what's going on in the cannabis markets during the coronavirus crisis and implications for the cannabis industry in the coming months with host Bruce Eckfeldt.
Andrew Livingston Examines the Economics of Cannabis in a Recession with CanopyBoulder
Apr 8, 2020
Andrew Livingston talks about cannabis economics during the coronavirus crisis in this CanopyBoulder Investor Hub event.
Weed Wonks Episode 10 - Oklahoma! With Dwight Clark
Feb 19, 2020
VS political analyst, technical writer, and former Oklahoman, Dwight Clark, sat down with the Weed Wonks to discuss the current nature of cannabis in Oklahoma, how its MMJ legalization drastically differed other states, and how their regulatory rollout of MMJ could shape other state's legalization efforts going forward.
Legal Adult Cannabis Sales in Massachusetts Surpass Half a Billion Dollars Since Legalization
Feb 12, 2020
Legal adult cannabis sales in MA have surpassed half a billion dollars and raised approximately $100 million in tax revenue since they commenced in 2018. Check out our analysis of the state data.
Colorado Marijuana Revenue Surpasses $1 Billion
Jun 17, 2019
In the Media
- Crain's Detroit Business Online, "Weed Industry Thrives in Covid-19 Economic Drought," August 8, 2020
- Heady Vermont, "New Economic Report Highlights Potential Tax and Regulate Revenue in Vermont," August 5, 2020
- Marijuana Business Daily, "As Federal $600 Weekly Jobless Benefit Expires, Cannabis Sales at Risk," July 31, 2020
- CannabisWire, "Today, Texas' Cannabis Industry Is Tiny. Cannabis Giants See Potential.," July 27, 2020
- Marijuana Business Daily, "Oklahoma's Business-friendly Medical Cannabis Program Has Room to Grow, Experts Say," May 18, 2020
- Thinking Outside The Bud, "Thinking Outside The Bud Episode 112," April 15, 2020
- Crain's Detroit, "Flower Power: C3 Industries Targets Quality Over Quantity in Competitive Cannabis Market," April 5, 2020
- Cannabis Wire, "Florida: Cannabis Companies Spent Big to Lobby in 2019. What About 2020?," March 30, 2020
- Marijuana Moment, "DEA Unveils New Rule To Finally Allow More Marijuana Growers For Research," March 20, 2020
- Marijuana Business Daily, "Wholesale Cannabis Flower Prices in Massachusetts Climb on Mounting Demand, Slugish Supply," March 16, 2020
- Chicago Tribune, "Illinois Has a Major Supply Shortage of Legal Cannabis. Could a Pipeline to Buy Product from Other States Help?," March 10, 2020
- Benzinga, "The Nine Foundational Pillars of Cannabis Markets," February 4, 2020
- Merry Jane, "Massachusetts Has Already Topped $500 Million in Legal Cannabis Sales," February 3, 2020
- Boston Business Journal, "Packies Argue More Beer, Wine Sellers also Mean More Pot Shops," January 13, 2020
- Law360, "Amid FDA Warning, Hemp Companies Rethink CBD," January 13, 2020
- PR Newswire, "Burns & Levinson and Vicente Sederberg Announce Nationwide Collaboration to Provide One-Stop Legal Services to Cannabis Industry," December 9, 2019
- Crain's Detroit Business Online, "Opt-Outs, High Prices Keep Conditions Strong for Marijuana Black Market," December 1, 2019
- Marijuana Business Daily , "More Medical Cannabis Companies Bolster Operations in Lucrative Florida Market Following Smokeable Flower Ban Repeal," November 11, 2019
- The San Diego Union-Tribune, "Oregon has too much cannabis. Two laws may help the state manage its surplus.," June 24, 2019
- DOPE Magazine, "How Far Does Colorado’s Tax Money Go?," June 3, 2019
- Marijuana Today Podcast, "Pushing the Frontier of Drug Legalization," May 16, 2019
- Digital Journal, "U.S. Cannabis Investors Need to Keep an Eye on Banking Access," March 11, 2019
- Times-Herald Record, "Legalization of pot could have NY on an economic high," January 26, 2019