Virginia joins 15 other states in legalizing marijuana

Virginia is the 16th U.S. state to pass an adult-use marijuana legalization law, though sales would not start until 2024. Posted 02/27/2021 to Politico.com by: Mona Zhang

The Virginia Legislature approved adult-use marijuana legalization Saturday in a historic vote marking the first state in the Old South to embrace full legalization.

The House passed the measure in a 48-43 vote, and the Senate approved it in a 20-19 vote. Not a single Republican voted for the bill in either chamber.

The impact: Virginia is the 16th U.S. state to pass an adult-use marijuana legalization law, though sales would not start until 2024. Only two other states — Illinois and Vermont — have passed legislation to legalize, tax and regulate recreational marijuana through the legislature.

The move puts pressure on neighboring states such as Maryland, where an adult-use legalization bill got its first hearing this month. New Jersey also recently enacted legalization, after voters overwhelmingly backed a referendum in November.

The details: The bill would allow adults over 21 to possess up to 1 ounce of marijuana. Home cultivation of up to four plants per household would be allowed under the bill.

The bill sets a 21 percent excise tax on marijuana and allows municipalities to add an additional 3 percent tax on retailers on top of existing sales taxes. Marijuana tax revenues would be used to fund pre-K education, substance use disorder treatment programs and other public health initiatives. A portion of revenues would also go toward a Cannabis Equity Reinvestment Fund, which would provide resources such as scholarships and workforce development for communities disproportionately impacted by drug enforcement.

Vertical integration would be allowed in limited circumstances to grandfather in medical cannabis producers and industrial hemp processors. Micro-businesses would be allowed to vertically integrate as well.

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