MJBizMag March 2021 - 38

IndustryDevelopments | International & State
Virginia
The House of Delegates and Senate each passed different marijuana legalization
bills, taking a major step toward legalizing a recreational marijuana market.
The differences in those bills-including whether vertical integration would be
allowed-must be ironed out by a legislative committee for Virginia to take the
milestone step. Gov. Ralph Northam supports legalization. Both measures call
for a commercial recreational marijuana market to launch Jan. 1, 2024. The
bills also emphasize licensing opportunities for small and minority-owned local
businesses. Unlike other recently launched adult-use states, the existing four
vertically integrated medical marijuana operators would not be allowed under the
legislation to transition first into a recreational market.
Washington state
The legal cannabis industry contributes roughly $2 billion a year to the state's
economy, according to a new report from Washington State University. The report,
titled " 2020 Contributions of the Washington Cannabis Sector, " found that in 2020
the industry was responsible for $1.85 billion of gross state product and supported
about 18,700 jobs. Retail marijuana sales alone have grown 605% between 2015
and 2020, the report found.
38 Marijuana Business Magazine | March 2021
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MJBizMag March 2021

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