Cannabis control; establishes framework for creation of retail marijuana market, penalties, report.
What changed between versions
The state marijuana sales tax rate was increased from 6% to 12.875%, replacing the previous structure where a portion of the tax was exempt from the general retail sales tax.
The allocation of net profits from the marijuana industry was changed: the share for the Cannabis Equity Reinvestment Fund decreased from 36% to 30%, while the share for early childhood education programs increased from 40% to 40% (with expanded language supporting early childhood care and education).
New sections were added to grant the Virginia Alcoholic Beverage Control Authority the power to enforce cannabis laws, conduct tip line operations for reporting illicit marijuana activity, and provide training to support these enforcement duties.
Microbusiness licensees were granted the ability to operate up to two separate locations within 10 miles of each other, provided they share common ownership and control, expanding their operational flexibility.
The Board of Directors composition was modified to include five members appointed by the Governor and two members appointed by the Joint Rules Committee, replacing the previous mix of appointments by the Governor, Speaker of the House, and Senate Committee on Rules.
Several sections were updated to correct formatting errors, remove redundant text, and ensure consistent legal phrasing regarding application processes and regulatory standards.