RICHMOND, Va. (AP) – Virginia lawmakers handed laws Wednesday that, if authorized by Republican Gov. Glenn Youngkin, would enable retail gross sales of leisure marijuana to start subsequent 12 months.
Underneath the payments, the state will start taking functions on September 1 to develop, take a look at, course of and promote the drug in preparation for the market to open on Could 1, 2025, with merchandise taxed at a charge of 11.625%. The laws would create the state's first retail market in a “accountable and considerate approach,” mentioned Del. Paul Krizek of Fairfax County, who introduced the Home model.
“And we did so as a result of it's time to provide Virginia's $3 billion illicit market a run for its cash. And it's time to provide Virginians entry to a protected, examined and taxed product,” Krizek mentioned on the plan of the Home.
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https://apnews.com/article/virginia-marijuana-retail-sales-legalized-general-assembly-glenn-youngkin-434c6c8c77433d3ad1c9e4048fa39f7a
