News & Updates

Program Details Type of Program Medical Adult-Use Regulatory Agency Medical Virginia Department of Health Services (DHS) ( Source ) Adult-Use Virginia Cannabis Control Authority (CCA) ( Source ) The bill created the CCA (the authority), the Cannabis Oversight Commission, the Cannabis Public Health Advisory Council, the Cannabis Equity Reinvestment Board and Fund, and the Virginia Cannabis Equity Business Loan Program and Fund. ( Source ) Market Population 8,631,393 million residents as of April 1, 2020 Census data. Annual Tourism Travelers spent $73 million a day in Virginia in 2019. According to the U.S. Travel Association, domestic traveler spending in Virginia reached $27 billion, up 3.4% compared to 2018. The travel industry is the sixth-largest private employer in Virginia, accounting for 7% of employment. On average, every $112,920 spent by domestic travelers in Virginia during 2019 supported one job. ( Source ) Existing Cannabis Market Statistics Tax Rate: Medical Cannabis sales are not subject to a cannabis excise tax, just standard sales tax. Adult-Use Cannabis - A state tax of 21% at the point of retail sale would be levied, in addition to standard 6% sales taxes. Localities could impose a tax of up to 3% on sales to consumers in the municipality. ( Source )

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