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Virginia Poised To Legalize Adult Use of Cannabis Virginia Poised To Legalize Adult Use of Cannabis

Virginia Poised To Legalize Adult Use of Cannabis

The  Democrat-controlled General Assembly of the Commonwealth of Virginia voted on Friday, February 5 to legalize the consumption of cannabis for adult use. After the House of Delegates and Senate conference regarding the differences in their proposed bills, the final version will be sent to Governor Ralph Northam (D). The program is expected to start as early as the summer of this year with sales beginning in 2024. We anticipate the program will be overseen by a newly created regulatory entity. The proposed bills legalize possession of up to one ounce of marijuana for those 21 and older. The Senate’s version allows for localities to opt out of allowing retail stores in its jurisdiction. The revenues derived from the program will fund pre-K and public health programs as well as addiction treatment programs. A fund will also be created to remedy the effects of the cannabis’ historic criminalization.

Ice Miller’s Cannabis Practice Group is ready to help those currently operating in the Virginia medical cannabis market and those looking to take advantage of this new business opportunity. Ice Miller currently represents cannabis license holders to third-party service providers in established and emerging markets. The Cannabis Practice Group utilizes a cross-functional team of lawyers and professions to handle the array of issues involved with working in the cannabis industry and its emerging markets.

This publication is intended for general information purposes only and does not and is not intended to constitute legal advice. The reader should consult with legal counsel to determine how laws or decisions discussed herein apply to the reader’s specific circumstances.

 
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