Virginia Medical Marijuana Market

Virginia Legislature expands medical marijuana program

On March 9, 2018, Governor Ralph Northam signed HB 1251 – also known as the #LetDoctorsDecide measure – into law. Now doctors in Virginia can decide by a case-by-case basis on appropriate treatments for any diagnosed condition.

Virginia has become the first state to expand a hyper-restrictive medical marijuana program from a single qualifying condition to any diagnosed condition.

The Virginia Department of Health Professions issued its Request for Applications to operate a pharmaceutical processor. These processors will be able to cultivate cannabis for the production and/or dispensing of CBD oil or THC-A oil.

Pharmaceutical processor winners are expected to be announced on September 25, 2018. The application review process will be confidential for the first five medical marijuana licenses. Medical marijuana applications will be treated as medical license applications, and are therefore exempt from the Virginia Freedom of Information Act.

Top Services for the Virginia Medical Marijuana Market

Opportunity in Virginia

Licenses in Virginia are anticipated to allow for vertical integration.

Taking the time to put together a financial model and business plan now will help position you to raise capital, secure properties, win local approval, and recruit potential team members.

cannabis business plan infographic

Conditions in Virginia

Virginia's medical marijuana program has bipartisan support in the state legislature and with key municipal leadership.

Preparing early is important for applying for a license.

How Can You Get Prepared?

 

Bob Wagener, our VP of Business Development, shares 4 insights in his blog post:

"4 Steps to Get Started in New Cannabis States"

A Smarter, more strategic approach to state licenses

Learn our proven expertise and unparalleled track record to successfully secure your cannabis license.

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