Does the new browser extension work with local vaults?

I use 1Password on my work laptop, where they discourage the use of cloud accounts for any of my work passwords. So I use the cloud for my personal vault, and a local vault for the work stuff. Does the new browser extension work with local vaults? I tried it out, but it only sees my cloud vault. I can go back to the classic extension, but I was hoping to use the same one on all my computers.

1Password Version: 7.8.7
Extension Version: 2.0.5
OS Version: Any