It has passed a bill to set up a framework for the sale of marijuana. Any bill to establish a framework to regulate the sale of marijuana was killed. Contributing to the Virginia Cannabis Equity Business Loan Fund established pursuant to § 4.1-1501.”The other fund was the Virginia Cannabis Equity Business Loan Fund, referred to above. Obviously, those companies would have a head start for obtaining licenses when the sale of marijuana for recreational use was legalized. More importantly, the legislation provides for a state tax on the sale of marijuana and marijuana-related products.

Source: Washington Post March 04, 2024 17:42 UTC