Virginia lawmakers advance 2 marijuana bills in divided Legislature

Legislators in Virginia advanced two marijuana bills that would establish adult-use sales in 2024 and allow licensed businesses to take tax deductions prohibited under federal tax code.

The bills face an upward climb in a divided Legislature led by Republican Gov. Glenn Youngkin, who appears to be lukewarm about expanding Virginia’s medical marijuana program into recreational sales.

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Asked if he would sign legislation to create a framework to allow recreational marijuana sales in Virginia, Youngkin said he’s more concerned with legislation that deals “with hemp and delta-8 and the regulations and consumer safety around those products,” according to Richmond TV station WRIC.

One bill would allow medical marijuana dispensaries to sell adult-use products on Jan. 1, 2024, though taxation and social equity provisions could derail a consensus.

The other bill would allow cannabis operators to deduct certain taxes prohibited under Section 280E of the U.S

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Legislators in Virginia advanced two marijuana bills that would establish adult-use sales in 2024 and allow licensed businesses to take… Continue reading
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