Vermont § 987 - Cannabis Business Development Fund
Full text of Vermont Vermont Statutes Online § 987 — Cannabis Business Development Fund, with citation guidance and answers to common questions.
§ 987. Cannabis Business Development Fund
- (a) There is established the Cannabis Business Development Fund, which shall be managed
in accordance with 32 V.S.A. chapter 7, subchapter 5. (b) The Fund shall comprise: (1) a one-time contribution of $50,000.00 per integrated license to be made on or before
October 15, 2022; and (2) monies allocated to the fund by the General Assembly. (c) The Fund shall be used for the following purposes: (1) to provide low-interest rate loans and grants to social equity applicants to pay for
ordinary and necessary expenses to start and operate a licensed cannabis establishment; (2) to pay for outreach that may be provided or targeted to attract and support social
equity applicants; (3) to assist with job training and technical assistance for social equity applicants;
and (4) to pay for necessary costs incurred in administering the Fund. (d) Amounts from loans that are repaid shall provide additional funding through the Fund. (Added 2021, No. 62, § 12, eff. June 7, 2021.)
Frequently Asked Questions About Vermont § 987
What does Vermont Statutes Online § 987 cover?
Section 987 ("Cannabis Business Development Fund") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 987?
A common citation format is "Vermont Statutes Online § 987" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 987 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.