Bill > HB642

This bill establishes a framework for a retail marijuana market in Virginia, to be overseen by the Virginia Cannabis Control Authority (VCCA). Retail sales of marijuana are prohibited before January 1, 2027. The bill also transfers oversight of certain regulated hemp products from the Virginia Department of Agriculture and Consumer Services to the VCCA, effective January 1, 2027. It makes numerous amendments to existing laws, including changes to definitions related to hemp and marijuana products, the creation of new chapters and sections within Title 4.1 of the Code of Virginia to govern the cannabis market, and adjustments to penalties and regulations concerning marijuana and hemp. Key changes include defining terms like "canopy," "impact licensee," and "microbusiness," establishing licensing procedures, setting tax rates, and outlining prohibited practices for licensees. The bill also addresses home cultivation, public consumption, and the sale of marijuana to individuals under 21, while also making provisions for medical cannabis programs and the transfer of oversight for certain hemp products. It also includes measures for the financial services industry to support licensed marijuana establishments and details the operational framework for the VCCA, including its powers, duties, and board structure. The bill specifies effective dates for various provisions, with many aspects of the retail market and related regulations coming into effect in 2026 and 2027.

Budget and Finance, Justice

https://lis.virginia.gov/bill-details/20261/HB642