Tag: virginia
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What Is The Potential Market Value Of Virginia’s Cannabis Industry?
Virginia holds the current distinction of being the only state in the U.S. to have adopted an adult-use cannabis legalization measure, but not to have adopted legal recreational cannabis sales as part of its legalization model. When Vermont initially adopted legalization in 2018, it also did not initially permit adult-use sales, but later approved a…
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How Much Would A Legal Virginia Adult-Use Cannabis Market Be Worth?
In 2021, Virginia became the 17th state to adopt an adult-use cannabis legalization measure. While personal possession is now legal in Virginia, recreational cannabis sales remain prohibited. It is up to Virginia’s Legislature to approve legislation that permits legal adult-use sales in the state. “New Frontier Data, which studies cannabis, last year estimated the figure at $2.4…
