Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessVirginia is state number 16 in U.S. to legalize marijuana

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

Add to Favorite
Added to Favorite

 

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.

Subscribe to get Latest News Updates

Latest News

You may like more
more

AMD latest chips for AI PCs to compete with Intel, Nvidia, CWEB analysts review

Advanced Micro Devices (AMD) is the latest chip design...

JetBlue Airways Earns an Upgrade at JPMorgan

JPMorgan analysts upgraded JetBlue Airways (NASDAQ:JBLU) to Neutral from...

eBay Double Upgraded at Morgan Stanley, Shares Gain 3 percent

eBay (NASDAQ:EBAY) shares gained more than 3% pre-market today...

Las Vegas Sands Shares Drop 3 percent Despite Better Than Expected Q1 Results

Las Vegas Sands (NYSE:LVS) shares fell more than 3%...