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Virginia

What marijuana/cannabis businesses can you start in Virginia?

On February 26, 2015, Virginia Gov. Terry McAuliffe signed HB 1445 into law. This measure will provide an affirmative defense to patients who suffer from intractable epilepsy (and, for minors, their parents, or legal guardians) for the possession of marijuana extracts that contain at least 15% of either cannabidiol (CBD) or THC-A and no more than 5% THC.

By merely providing an affirmative defense, the law has no provisions for any type of marijuana business. The CBD oil  companies is extremely unlikely to ever get off the ground. It's highly restrictive and not really a "big" business in the sense of potential market and profits for owners. They're more medical facilities than businesses.

Once the state allows non-CBD businesses,  that's the time we may be involved with its marijuana industry.

What can you do right now?

To get ahead and be prepared for when the state will start licensing marijuana businesses, you should:

  • Get a pre-legalization marijuana company business plan to understand costs associated with setting up a marijuana business, as well as projected revenues and financials that will allow you to decide whether this venture is for you or not.
  • Download a free starter package to give you a general overview of what to expect when Virginia legalizes marijuana businesses.
  • Sign up for our email list to be notified about breaking news and product releases specifically for Virginia.

The latest marijuana industry news, laws, & frequently asked questions for Virginia.