Virginia hashish regulators reported almost $30 million in medical marijuana gross sales for the reason that starting of seed-to-sale monitoring two months in the past, effectively above projections.
Based on the Virginia Hashish Management Authority, hashish sufferers made 256,432 transactions and registered $29.94 million in gross sales in July and August.
That’s effectively above projections.
Whole gross sales for 2025 have been anticipated to peak at $59 million, based on MJBizDaily Factbook estimate.
Virginia has about 103,900 registered hashish sufferers, based on the Factbook.
Cultivators within the state additionally reported harvesting 17,786 crops, based on information reported to Metrc, Virgina’s seed-to-sale monitoring supplier.
Virginia state legislation restricts MMJ operators to 5 “pharmaceutical processor” permits distributed by geographic area.
When will Virginia adult-use marijuana gross sales start?
Virginia nonetheless has the excellence of being the one market within the U.S. the place adult-use hashish is authorized however gross sales are restricted to MMJ.
That’s as a result of payments to legalize adult-use retail within the state have been repeatedly vetoed by Republican Gov. Glenn Youngkin.
Hashish companies and advocates are hopeful {that a} new governor could imply the launch of adult-use gross sales subsequent month, Richmond BizSense reported.
A bipartisan fee of lawmakers is engaged on crafting yet one more set of proposed rules, state Del. Paul Krizek, the fee chair, advised the information outlet.
Among the many guidelines Krizek mentioned the fee is contemplating are statewide license caps.
These embody:
- 350 hashish shops statewide.
- Cultivation limits by plant depend fairly than cover house.
- Permitting municipalities to ban shops.
Partisan hashish politics in multistate operator-dominated Virginia
Based on Krizek, Virginia’s adult-use marijuana market stands a very good likelihood of launching in 2026 if voters elect Democratic gubernatorial candidate Abigail Spanberger in November.
In contrast, Republican candidate Lt. Gov. Winsome Earle-Sears has claimed adult-use hashish “will destroy us” and as soon as boasted of firing an worker as soon as she “discovered he was on marijuana.”
Essentially the most lately vetoed laws would have give unique adult-use gross sales rights to the state’s current medical marijuana companies, that are main multistate operators:
