Virginia House, Senate Approve Separate Weed Sales Bills

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Summary

A separate bill from state Senator Aaron Rouse, SB 448, would add a 16% tax to cannabis sales on top of the regular state and local retail sales taxes. In the House, HB 698 from Delegate Paul Krizek would levy a tax of 9% on cannabis sales, which would be exempt from normal state and local retail sales taxes. The Virginia Senate and House of Delegates have approved competing bills to regulate and tax recreational marijuana sales, more than two years after the state legalized the possession of cannabis by adults. Lawmakers also heard from opponents of legalizing sales of recreational weed in Virginia including, as might be expected, representatives of law enforcement. Lawmakers in both the House and Senate are expected to amend the bills by substituting the version each chamber has already passed.

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The Virginia Senate and House of Delegates have approved competing bills to regulate and tax recreational marijuana sales, more than two years after the state legalized the possession of cannabis by adults. Each bill now heads to the other chamber of the state legislature, where lawmakers are expected to make several amendments to the measures.

Both bills legalize retail sales of cannabis to adults aged 21 and older with a scheduled start date of January 1, 2025, according to a report from the nonprofit cannabis advocacy group the...

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