Vermont Cannabis Market Report — September 2026

September was the month our picture of Vermont's cannabis market went from a keyhole to a window. We began the month tracking the live online menus of 7 dispensaries; we ended it tracking 29 tracked shops — an estimated ~83% of Vermont's licensed retail catchment. That is enough coverage to start answering questions about the market as a whole, not just a handful of stores.

This is the first edition of a monthly recap we will keep current — a time-stamped snapshot of what Vermont's shelves actually held. Next up: the October 2026 report. Every figure below is as of September 29, 2026, and every figure comes from live menu inventory, not point-of-sale data.

The market in five numbers

• 29 tracked dispensaries — an estimated ~83% of the state's retail catchment
• 2,586 in-stock listings across those menus
• 322 distinct brands on Vermont shelves
• $9.85 per gram — the average advertised flower price
• $87,783 — total advertised value of in-stock inventory across tracked shops

Flower prices: a $9.85 average hiding a 2.2× spread

The headline number is a $9.85/g statewide average, but averages flatten the most useful part of the story: how far apart Vermont's shops sit. As of September 29, the cheapest tracked shelf advertised flower at about $6.15 per gram (Somewhere on the Mountain), while the priciest ran $13.44 per gram (GoodFire Cannabis) — a 2.2× spread from one end of the state to the other.

Value-focused shops like Green Leaf Central ($6.80/g) and Float On ($7.61/g) anchor the low end, while Bern Gallery ($13.40/g) and Mary Jane Junction ($13.30/g) sit near the top. Because these are list prices that change nightly, we do not freeze the ranking here — the live, daily-refreshing table lives on the Vermont Flower Price Index.

The shelf got bigger — mostly because we can see more of it

Total advertised menu value across tracked shops began the tracked window near $16,300 and finished September at $87,783. That is a large jump, and honesty requires labeling it: the bulk of it is a coverage effect, not sudden market growth. When roughly 18 shops joined the tracker in a single step late in the month, the measured shelf grew because our lens widened — not because Vermont's stores restocked five-fold overnight. We flag this so the number is read for what it is.

Which brands own the shelf

Across all tracked menus, the brands with the most in-stock listings as of September 29 are Upstate Elevator (121), Pinnacle Valley Farms (103), Satori (91), Magic Mann (80) and Sunset Lake Cannabis (70). Raw listing counts favor brands that stack deep in a few stores, so breadth (how many shops carry a brand) tells a different story than depth — a distinction we break down in our brand-share chart, kept live on the data hub.

What's actually on the shelf

Flower is the backbone of nearly every tracked menu, but the category mix varies sharply by shop. Edibles and vapes are broadly stocked statewide, while concentrates cluster in a handful of specialists — a few shops lean concentrate-heavy while most carry only a token selection. That variation is the kind of texture a single storefront can't show you, and it is charted live on the data hub.

The takeaway

September's story is coverage: for the first time we can describe Vermont's recreational market — its typical price, its spread, its dominant brands — with a dataset spanning most of the state's shops rather than a few. The average gram costs $9.85, but where you shop swings that by more than 2×. We will publish this recap every month; the numbers between editions live on the price index and the data hub.

How we measure this

We capture each dispensary's public online menu nightly and total in-stock listings, list prices and brands across all tracked shops. "Average flower price" is the mean advertised price per gram of flower; "menu value" is the sum of advertised list prices for in-stock SKUs. We track 29 shops — an estimated ~83% of Vermont's retail catchment — so shops and brands strong primarily at stores we do not yet cover may be under-represented. And to be clear: these are menu inventory figures, not point-of-sale data. We measure what is on the shelf and at what list price, not what sells at the register.