Virginia Adult-Use Cannabis Update

Virginia Adult-Use Cannabis Update

Shelby Knight
FEBRUARY 19TH, 2022

The Virginia Senate voted to speed up the timeline on adult-use marijuana sales, making it possible for existing medical dispensaries to begin adult-use sales this September.

 

Medical marijuana was legalized in Virginia in 2018, allowing for low-THC, high-CBD medical cannabis sales. The first Virginia medical cannabis processors were anticipated to open in 2020.

 

While the legal market for adult-use cannabis sales will not officially open until 2024, the bill will allow consumers to purchase cannabis without a prescription from existing medical dispensaries if Governor Glenn Youngkin signs it.

 

Virginia initially passed a law allowing adult-use marijuana in April 2021, making it the sixteenth state to legalize it. Access to cannabis will be through state-licensed marijuana businesses. The deadline for regulations is set for July 2023.

 

The dates for business license applications have not yet been made available; however, social equity applications are expected to begin between July and December of 2023.

 

The types of licenses available include:

  • Marijuana Cultivation Licenses
  • Marijuana Manufacturing Licenses
  • Marijuana Testing Facility Licenses
  • Marijuana Wholesaler Licenses
  • Marijuana Retail Licenses

 

The Virginia Cannabis Control Authority will establish a criterion to evaluate new licenses based on the community’s density of retail marijuana stores. Licenses will be limited to 400 retailers, 25 wholesalers, 60 manufacturers, and 450 cultivators.

 

For more information on Virginia cannabis programs, including details on upcoming available licenses- visit our VA State Page.

 

Interested in starting a Virginia Adult-Use marijuana business?

The Cannabis Business Advisors has successfully secured licenses for clients in over 20 markets across the United States. Call our office at (602)-290-9424 or email (info@thecannabisbusinessadvisors.com) to get started.

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