SLGWF - Vermont Recreational Cannabis Sales Will Launch Oct. 1 in Burlington

At least one Vermont store will have adult-use cannabis sales beginning on Oct. 1: CeresMED in Burlington. Several more retailers are expected to quickly follow.

According to a news release from SLANG Worldwide (CNSX: SLNG) (OTCQB: SLGWF), its subsidiary CeresMED will launch recreational marijuana sales at its 190 College Street location on Oct. 1.

That will make the store SLANG’s fourth cannabis shop in the state, along with its three medical dispensaries in South Burlington, Middlebury and Brattleboro, which it acquired last year when it bought Hi Fidelity, which runs the Ceres Collaborative cannabis group.

Vermont is the 15th U.S. state marijuana market that SLANG has entered so far, according to the release.

CeresMED may be the first to open, but it won’t be the last. Other stores plan on launching as soon as they can get their affairs in order, the Burlington Free Press reported .

Burlington retailers Bern Gallery, Green State Gardener, Green Leaf Central and Grass Queen all hope to open in coming weeks or months. Magic Mann in Essex is aiming for October still, the Free Press reported.

The state also granted retail permits to Mountain Girl in Rutland and FLORA Cannabis in Middlebury.

In addition, the new market is attracting out-of-state interest from companies such as Massachusetts-based Theory Wellness, which said in a press release Thursday that it plans to enter the market via an acquisition in Brattleboro.

Though Theory’s location is still under construction and an opening date hasn’t been announced, the company said it expects to open this autumn.