skip to Main Content
High hopes for a recreational cannabis market after Democratic election win
Under current law, it’s legal in Virginia to possess small amounts of marijuana, but you can’t buy it or sell it.
In the wake of the Democrats’ victory in last month’s legislative election, advocates for a state-regulated cannabis marketplace in Virginia are experiencing a surge of cautious optimism as they anticipate favorable changes in policies that could significantly impact their industry and lead to legal retail sales.

“I’m a little bit more hopeful for the future,” said Jason Johannessen, director of operations at NuTrac Hemp in Blacksburg, a small company that has been extracting and distilling hemp biomass for its line of CBD products since 2021. “Democrats have to step up and deliver, but we’re working with lawmakers from both sides all the time, and I don’t see a reason why we won’t get it done.”

Only the sale of intoxicating cannabinoid alternatives derived from hemp is legal outside the medical cannabis market. It’s already legal in Virginia to buy and sell products made from cannabinoid alternatives that come from hemp, but NuTrac Hemp has been pushing for legislation that would eventually allow the company to obtain a processing license for cannabis — a hemp species with a higher content of tetrahydrocannabinol, or THC, one of many cannabinoids found in the plant that is primarily responsible for the “high” associated with cannabis. [Read More @ Cardinal News]

 

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

NYC shutters 75 illicit weed shops in first week of crackdown, with hundreds and hundreds to go

Seventy-five illegal weed shops were shuttered in the first week of the Adams administration’s “Operation Padlock” crackdown on illicit marijuana sales in the city, officials announced Tuesday. The first batch…

Why Florida medical marijuana companies are pushing so hard for recreational pot

As legal marijuana dispensaries hope Floridians vote in November to allow recreational weed, they face a troubling trend: Right now, their flow of new customers is drying up. The state’s medical marijuana…

New Hampshire Flirts With State-Run Franchises

Already a medical cannabis-legal state, New Hampshire is so unsure about legalizing cannabis for adult use that it appears willing to consider a quasi-regulatory structure that no other state has…

Ohio adult-use marijuana sales approved as part of 2023 ballot measure could begin by mid-June

COLUMBUS, Ohio (AP) — Recreational marijuana could be available for sale in Ohio by mid-June, after new licensing rules for dispensaries cleared a key legislative hurdle Monday. Adult-use sales have…

More Categories

Back To Top
×Close search
Search