Bill > SB542

This bill establishes a framework for a retail marijuana market in Virginia, overseen by the Virginia Cannabis Control Authority (VCCA), with retail sales not permitted before January 1, 2027. It amends numerous sections of the Code of Virginia to integrate cannabis into existing regulatory structures, including transferring oversight of certain hemp products to the VCCA and updating definitions related to cannabis and hemp products to align with the VCCA's purview. The bill also modifies penalties for various marijuana-related offenses, adjusts possession limits, and outlines regulations for cultivation, processing, testing, and retail sales, with specific provisions for "impact licensees" and "microbusinesses" to promote equitable participation in the market. Additionally, it addresses issues like advertising, taxation, financial services for cannabis businesses, and the responsibilities of the Cannabis Public Health Advisory Council. The bill includes detailed provisions for the transition of regulatory authority from the Department of Agriculture and Consumer Services to the VCCA and sets effective dates for various sections, with the retail market framework generally beginning in 2027.

Budget and Finance, Justice

https://lis.virginia.gov/bill-details/20261/SB542