This week, CannaBizVA finds new markets for Virginia’s hemp farmers and helps broker a deal to expand medical cannabis in Virginia. See below for details and a full report.
HB 1670 would allow Virginia’s pharmaceutical processors to buy industrial hemp from registered Virginia growers and processers, providing another well-needed market for our products. CannaBizVA fought off opposition in committee this week and helped usher this bill to a 100-0 vote on the House floor today! Video of committee testimony attached below.
HB 347, which would double the number of pharmaceutical processors in the state and allow for numerous satellite dispensaries, will not take effect this year. Instead, this concept will be studied in the off-season. However, we worked with the Patron and the processors to strike a deal: the Commonwealth will double the number of pharmaceutical processors in Virginia in 2021, assuming we can get a bill through in the 2021 session that would allow for the sale and use of medical grade flower in the state. The Board of Pharmacy would go through a brand new round of applications to effect this compromise. CannaBizVA was the only non-processor privy to this information!