Virginia’s newest budding industry
Under legislation passed by the 2021 General Assembly, Virginians can legally grow small amounts of cannabis in their homes for recreational use.
But by as soon as 2024, a full-scale legal and regulatory system for cultivation, distribution, wholesaling, and retailing will be in place.
Gentry Locke Consulting is here to assist business owners as they develop opportunities in Virginia’s newest budding industry.
Cannabis Insights from Gentry Locke Consulting
- Legislators Propose Major Changes to Cannabis Control Act
- The Future of Virginia’s Cannabis Law Hangs in the Balance
- General Assembly Appoints the Remaining Members to the VCCA
- Governor Northam Announces Appointees to Virginia’s New Cannabis Oversight Boards
- JLARC Report: Potential for major changes in Virginia’s cannabis law
- Reconciling Marijuana Criminalization in Virginia: The Cannabis Control Act & Social Equity
Special Webinar on Cannabis Legalization
Gentry Locke Consulting hosted a special webinar on cannabis legalization in Virginia, including the timeline and application requirements for cultivation licenses, wholesaling licenses, and retail sales licenses. The 60 minute webinar summarized the legislation as passed by the General Assembly, covered the regulatory timeline, and went over application and license requirements, including a number of licenses preferences included in the legislation.
Click the link below to download a copy of the presentation.
Gentry Locke Consulting can help you navigate a complex and still-evolving cannabis regulatory and licensing framework.
Contact Gentry Locke Consulting today to see how we can assist you.
Virginia’s legal and regulatory framework for cannabis will be established over the next 18 to 24 months.
Gentry Locke Consulting has prepared an overview of the new law, the timeline for implementation, and what the permitting and regulatory structure will look like.
Read More About Cannabis Legalization in Virginia
Gentry Locke Consulting has prepared a detailed summary of Virginia’s new cannabis legalization law, including an overview of the timeline for implementation, what the permitting and regulatory structure will look like, and how taxes, fees, and revenue will be collected and distributed.
The new state agency, the Virginia Cannabis Control Authority, is tasked with regulating all aspects of marijuana production, distribution, sale, and possession in the Commonwealth. The Authority is an independent agency of the Commonwealth that does not belong to the executive, legislative, or judicial branches of government.
The agency will be overseen by a five member board that determines how many licenses will be issued and who will receive those licenses. The legislation allows the board to issue up to 400 retail licenses, up to 25 wholesale licenses, up to 450 cultivation licenses, and 60 product manufacturer licenses. Except in rare circumstances, vertical integration of licensees will not be permitted.