Virginia Medical Cannabis Business & Marijuana Legal News

Court battle over one of Virginia’s five medical cannabis licenses

On: March 19, 2021

Illinois-based PharmaCann has taken Virginia to court over a medical cannabis business license that the company claims is rightfully theirs, even though state officials have solicited new bids for the permit. PharmaCann’s suit requests that the application process be halted. State regulators contend the license – one of five theyContinue Reading

How ‘essential’ transformed the US marijuana industry amid the COVID-19 pandemic

On: March 15, 2021

During the tumultuous weeks and months of the past year, a nine-letter word emerged as a game changer for the nation’s legal marijuana industry: “essential.” It began about a week after the World Health Organization on March 11 declared the COVID-19 outbreak a global pandemic. That’s when California announced aContinue Reading

Virginia lawmakers approve recreational marijuana legalization, positioning state to be 16th to OK adult use

On: February 27, 2021

Virginia lawmakers on Saturday narrowly approved compromise legislation legalizing a commercial recreational marijuana program that could generate nearly $1.5 billion in annual sales within five years of the scheduled Jan. 1, 2024 start. But there’s a catch: The measure passed includes a clause pushed by the Senate that will requireContinue Reading

VA lawmakers scramble to agree on adult-use marijuana bill before deadline

On: February 26, 2021

Legislative negotiations in Virginia to resolve differences over two adult-use marijuana bills are down to the wire. A conference committee is trying to agree on a measure so it can be passed before the end of a special legislative session. Saturday is the deadline to work on legislation, but theContinue Reading

Virginia OKs smokable flower in move that could spur medical marijuana sales

On: February 22, 2021

Virginia lawmakers overwhelmingly passed legislation that would allow smokable marijuana flower sales later this year, a reform that will dramatically boost sales in the state’s nascent medical cannabis market. Flower sales often account for roughly 50% of market sales. Gov. Ralph Northam has supported marijuana, including urging adult-use legalization, soContinue Reading

Mainstream businesses are bracing for minimum-wage hike, but many cannabis firms already pay more

On: February 19, 2021

Half the states across the country have increased – or will raise – the minimum wage paid to hourly workers this year, but many cannabis businesses, including retailers, are unlikely to feel much of an impact. That’s because most say they already pay their employees above the minimum wage setContinue Reading

Cannabis MSO Jushi eyes Virginia market after $58 million raise

On: February 12, 2021

Multistate marijuana operator Jushi Holdings closed a deal to raise $58.8 million with plans to acquire a marijuana operation in Virginia for $20 million. Cannabis MSO Jushi eyes Virginia market after $58 million raise is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Continue Reading

Virginia lawmakers pass landmark recreational marijuana legalization bills

On: February 5, 2021

Virginia took a major step toward becoming the 16th state in the nation to legalize a recreational marijuana market and the first in the South after the House of Delegates and Senate passed different legalization bills on Friday. The differences in those bills, however, must be ironed out by aContinue Reading

Five state medical marijuana markets that could get a boost through reforms in 2021

On: January 28, 2021

A handful of states could pass significant medical marijuana reforms this year, providing for additional licensing opportunities and potentially hundreds of millions of dollars in new sales for existing operators and ancillary services. Here’s a summary of five key states to watch: Lawmakers in Minnesota, New York and Virginia areContinue Reading

Virginia looks poised to legalize adult-use cannabis market

On: January 13, 2021

Virginia Gov. Ralph Northam’s administration announced an adult-use cannabis legalization plan that would impose a 21% excise tax and provide some licensing preferences for individuals and entities harmed by the war on drugs. Adult-use marijuana sales would begin Jan. 1, 2023, under the proposal, which looks as if it hasContinue Reading