Posted 2/29/2024, 12:43:00 AM
Virginia Lawmakers Approve Bill to Legalize Recreational Marijuana by 2025, Uncertain if Gov. Youngkin Will Sign
- Virginia House and Senate agree on framework to establish legal recreational marijuana market, sending bill to Gov. Youngkin
- Marketplace would be up and running by May 2025, overseen by a Cannabis Control Authority
- Retail sales taxed at 11.625%, higher than 9% rate in Maryland
- Aims to compete with $3 billion illicit marijuana market in Virginia
- Uncertain if Gov. Youngkin will sign bill; he previously said he didn't have much interest in marijuana legislation