Virginia is state number 16 in U.S. to legalize marijuana


Virginia joins fifteen other states in the United States of America to legally allow adults to use marijuana though sales will begin in 2024. On Saturday, it became the first state in the South to pass a historic legislation in a 48-43 vote in the House and a 20-19 vote in the Senate. It was a partisan vote, without a single vote from the Republicans in either chamber.


The legislation was passed after two extensive studies on the importance of decriminalization of marijuana were conducted. One report was based on research conducted by Democratic Governor Ralph Northam’s administration while the other was based on a report from the nonpartisan Joint Legislative Audit and Review Committee.


Last year, the state held a special session to decriminalize marijuana in order to address criminal justice reform. Its medical marijuana program has begun. In this sessions a bill allowing the use of marijuana flower products was passed.


Lawmakers have tackled a host of issues of utmost importance including the prevention of large corporations taking over the marijuana market in terms of sheer profit rather than reform or for medical interventions and the handling of automatic expungements of offenses related to marijuana, if the legal criminal justice system lacks the technology to do so.


Some of the legal provisions of the bill allow adults over 21 to own up to 1 ounce of marijuana. Home cultivation is limited to two immature and 2 mature plants per house. Vertical integration would be allowed for micro-businesses, medical cannabis producers and industrial hemp processors.


The bill provides for 21% excise tax on marijuana. Municipalities can add 3% over existing sales taxes. Some of the revenues collected will be used in a Cannabis Equity Reinvestment Fund. The fund will be used for scholarships and workforce development of communities who have historically been disadvantaged by drug enforcement.

The opposition has mentioned public health concerns such as youth use and impaired driving which could increase as a result of legalizing marijuana. They also say that huge giants could take over and quote Altria, a huge tobacco giant who purchased a $1.8 billion stake in Cronos group in Canada in 2018.


The “Mother of States” legislation will allow sales in 2024. Virginia is planning to set up a marijuana regulatory agency in July 2021. The legislation has also put pressure on Maryland a neighboring state. New Jersey has recently passed legislation as well.

Follow us on Google news for more updates and News


This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer