Marijuana Industry Opportunities in Virginia

Virginia lawmakers passed HB 2312allowing for retail sales to begin in 2024. Under this law, possession of up to one ounce would be legalized. Cannabis would be legalized for those 21 and older, and a tax system would be implemented for retail cannabis sales, allotting 30% of tax revenue to a Cannabis Equity Reinvestment Fund.

Virginia Legalizes Marijuana

Virginia lawmakers on Wednesday enacted a marijuana legalization law, making the state the first in the South to legalize cannabis. Under the law, adults 21 and older will be able to use and grow marijuana, starting in July.

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