Cannabis sales to Virginians could begin on November 1, 2026 – and small businesses could get first crack before the Big Marijuana Multistate operators.
That’s under the Proposed Proposed Plan they plan to present to GOV. – Hanging Abigail Spanberger, who promised to finally launch a legal sale after years of disruption.
Virginia became the first state in the South to legalize recreational marijuana in 2021, and state lawmakers doubled down on a bill that would have introduced regulated sales.
However, Chiblionican Gov of Chieplican. Glenn nsit revealed the bills twice.
Since the final veto of nsiskin – and before Spanberger’s election in November – the law of the joint commission on the future of the sale of Cannabis has been included in the proposed draft.
Marijuana taxes apply Marijuana taxes for adults, proposed licenses
According to the Virginia Mercury, the fees they plan to introduce soon will include:
- Keeping up to 50% of licenses to use old licenses issued to “accobusines.”
- Proprietary restrictions designed to improve control and disable integration.
- Barking all license holders except for five complete locations across the country.
- A new RECTIRT-to-Consumer license that will allow microbusineves to deliver directly to the home of consumers or seniors.
- Allowance for cannabis businesses to deduct certain costs in their state back to the Federal 280e limits.
- There is NO ability for cities and counties to opt out of legal retail sales.
Sales will be subject to a state tax of 8%, with localities able to impose an additional property tax of up to 3.5%.
When do you start selling adult marijuana?
With 8.6 million, Virginia could be one of the largest cannabis markets to open at some point.
The state reported nearly $30 million in sales in July and August, the first two months of state-mandated monitoring and tracking.
Cannabis sales for adult use could reach $780 million in the first full year of sales and exceed $1.09 billion in the second year, according to the MJBIZ publication.
According to a 2020 study commissioned by state lawmakers, Virginia can support between:
- 100 and 800 plant permits
- 30 and 150 processing or distribution licenses
- 200 600 licenses
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How big is the Virginia – Use adult marijuana market?
MMJ’s Virginia market is currently limited to five companies, each assigned to a local region.
These are:
- MIAMI-based mSO Wellness Herness, is in the process of closing and has never opened a dispensary, according to the Virginia Cannabis Control Authority
- Boca Raten, Florida-based Jushi
- Chicago-based green thumb industries
- New York-based the cannabist Co, formerly known as Columbia Care
- Chicago-based Verano Holdings Corp.
