MJBizMag April 2021 - 35

Virginia
State lawmakers narrowly approved compromise legislation Feb. 27 to legalize
a commercial recreational marijuana program that could generate nearly
$1.5 billion in annual sales within five years of the scheduled start. The measure
includes a clause that requires the General Assembly in 2022 to reenact a number
of provisions of the bill, including those that detail the regulatory and market
structure such as licensing. Legislators agreed to establish an independent agency,
the Cannabis Control Authority, to oversee an adult-use market. Gov. Ralph Northam
is reportedly trying to expedite sales before the 2024 start date.
Washington state
David Postman was appointed chair of the state's Liquor and Cannabis Board
(LCB) by Gov. Jay Inslee. Postman, who served as Inslee's chief of staff from
December 2015 until Nov. 15, 2020, started his six-year term on March 15.
He replaces Jane Rushford, whose term expired last month. Postman joins
current board members Ollie Garrett and Russ Hauge. Rick Garza, the agency's
director, manages day-to-day operations.
Note: Entries sourced from Marijuana Business Daily, Hemp Industry Daily and other international, national and local news
outlets. These developments occurred before this magazine's publication deadline, so some situations may have changed.
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MJBizMag April 2021

Table of Contents for the Digital Edition of MJBizMag April 2021

MJBizMag April 2021 - 1
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