Why it matters: The article highlights the challenges faced by cannabis businesses in Vermont after heavy flooding, as they are ineligible for federal aid due to cannabis not being legal under federal law. This leaves businesses struggling to recover and rebuild without financial assistance.
What they are saying: Cannabis business owners in Vermont, including dispensary owner Lauren Andrews, are facing significant damage to their businesses due to floodwaters. However, they are unable to apply for federal disaster aid because cannabis is not legal at the federal level. This exclusion from federal assistance puts the industry at a disadvantage compared to other businesses impacted by the floods.
The big picture: The flooding in Vermont is causing disruptions and damage to the cannabis industry, which is already fragile due to the legal complexities surrounding marijuana. Without access to federal aid, cannabis businesses may struggle to recover and continue operations, which could have broader implications for the industry in the state.
What to watch: It will be important to monitor how cannabis businesses in Vermont navigate the aftermath of the floods and whether they are able to access any state or local assistance programs. The potential impact on the industry’s growth and viability in the state should also be observed.
My take: The exclusion of cannabis businesses from federal aid is a reminder of the ongoing challenges and disparities facing the industry due to the conflicting state and federal regulations. This situation highlights the need for comprehensive cannabis reform at the federal level to provide a level playing field for businesses and ensure consistency across states. Additionally, finding alternative sources of funding or support for affected cannabis businesses will be crucial in helping them recover from the flood damage.
