summary
Introduced
01/23/2026
01/23/2026
In Committee
01/23/2026
01/23/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Taxation, revenues, and cannabis. Creates a regulatory framework for retail marijuana sales in the Commonwealth, upon which a 12.875 percent marijuana tax, a 1.125 percent sales tax, and a three percent mandatory local tax are imposed under the renamed Virginia Alcoholic Beverage and Cannabis Control Authority.
AI Summary
This bill establishes a regulatory framework for retail marijuana sales in Virginia, imposing a 12.875% marijuana tax, a 1.125% sales tax, and a 3% mandatory local tax, all to be administered by the renamed Virginia Alcoholic Beverage and Cannabis Control Authority. It amends numerous sections of the Code of Virginia to integrate cannabis into existing laws and create new chapters and sections related to its regulation, taxation, and control, including provisions for licensing, product safety, testing, and penalties for violations, while also making specific changes to laws concerning industrial hemp and the definition of "marijuana" to align with the new regulatory structure.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Incorporated by Finance and Appropriations (SB542-Aird) (15-Y 0-N) (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/SB826 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB826) | https://lis.blob.core.windows.net/files/1142674.PDF |
| Fiscal Note/Analysis - Fiscal Impact statement From VCSC (1/26/2026 11:16 am) | https://lis.blob.core.windows.net/files/1096542.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/SB826/text/SB826 |
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