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Virginia Creating New Oversight Groups to Regulate Adult-Use Marijuana Program

Virginia recently legalized adult-use marijuana and created new oversight groups, allowing legal possession and home cultivation in July 2021. ....

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Virginia Becomes First Southern State and 16th in the U.S. To Legalize Adult Recreational Cannabis | Goodwin

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On April 7, 2021, a majority of both houses of the Virginia legislature voted to legalize adult recreational use of cannabis. The approval made Virginia the 16th U.S. state – and the third state this year – to legalize adult recreational use of cannabis. Under the new law, home cultivation and personal possession of cannabis will become legal July 1, 2021, but retail sales will not begin until January 1, 2024.
Virginia Senate Bill 1406/House Bill 2312 legalizes the retail sale of cannabis products to adults over the age of 21 and establishes the Virginia Cannabis Control Authority to oversee the cultivation, manufacture, wholesale, and retail sale of cannabis and cannabis products. The bill also permits private cultivation of up to four cannabis plants for personal use and enables individuals to petition for suspended or modified sentences for past marijuana convictions or for sealing of past marijuana convic ....

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3 States Likely to Legalize Marijuana in 2021

Author Bio
A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong
For as crazy as 2020 has been, it was another banner year for the cannabis industry and U.S. marijuana stocks. That s because the November election yielded a green sweep. As of today, 36 states have waved the green flag on medical cannabis, with 15 also allowing for the adult-use consumption and/or retail sale of marijuana. ....

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Changing Times – Recent Developments Give Cannabis Businesses New Optimism (Part 2) | Vandeventer Black LLP

Part 2 of a Two-Part Series
In last week’s article we discussed some of the recent developments at the state, federal, and international levels that have given cannabis businesses new reasons to be optimistic in 2021. In this second of a two-part series, we will briefly discuss some of the key findings of the recent Joint Legislative Audit and Review Commission (JLARC) study on the legalization of marijuana and the report issued by Governor Northam’s Virginia Marijuana Legalization Work Group which discusses the impact of legalization in Virginia. While neither document recommends the legalization of marijuana, both consider wide-ranging issues surrounding legalization such as taxation, banking, criminal justice reform, licensing, regulations, legislative changes, and consumer safety, and make recommendations on how to address those issues. ....

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Lawsuit Challenges Missouri's Medical Cannabis Residency Requirement

Lawsuit Challenges Missouri’s Medical Cannabis Residency Requirement
The federal lawsuit seeks to strike down a requirement in the state’s medical cannabis law that business licenses are owned by residents.
The voter-approved constitutional amendment that legalized medical cannabis in 2018 requires licenses to be majority owned by residents who have lived in Missouri for at least one year prior to filing the application, the news outlet reported.
Toigo, a minority owner in Organic Remedies MO Inc., which holds three dispensary licenses, one cultivation license and one manufacturer license in the state, argued in his lawsuit, which was filed Dec. 11 against the Missouri Department of Health and Senior Services and its director, Randall Williams, that the state is discriminating against non-residents and violating the dormant clause of the U.S. Constitution by enforcing the residency requirement, ....

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