Virginia: Northam announces appointments to 3 boards that oversee cannabis legalization in Virginia

CANNANNEW REPORT

WTKR reports Governor Ralph Northam announced appointments to the three newly-created boards that oversee marijuana legalization in Virginia. On July 1, recreational marijuana became legal for adult use in Virginia. “Virginia is committed to legalizing cannabis the right way—by learning from other states, by listening to public health and safety experts, and by centering social equity,” said Governor Northam. “There is a tremendous amount of work ahead to establish an adult-use marijuana market in our Commonwealth, and I am proud to appoint these talented Virginians who will bring diverse backgrounds, an incredible depth of expertise, and a shared commitment to public service to this important effort.” Cannabis Control Authority (CCA) The CCA is led by a five-member Board of Directors responsible for the creation of the adult-use marketplace for cannabis. This board is responsible and in control of regulating the sale, transportation, and distribution of marijuana and marijuana products in the Commonwealth. They will work to develop a workforce, establish regulations, and ensure that marijuana legalization accomplishes the health, safety, and equity goals established by law. Board members cannot have financial interests in the cannabis industry. The governor appointed all five members of the Board: Neil Amin of Henrico, Chief Executive Officer, Shamin Hotels – Chair Michael Jerome Massie, Esq. of Portsmouth, Owner, Michael Jerome Massie, PC – Vice Chair Bette Brand of Roanoke, Chief Executive Officer, Strategic Consulting LLC Rasheeda N. Creighton of Richmond, Co-Founder, The Jackson Ward Collective Shane Emmett of Midlothian, Co-Founder and Former Chief Executive Officer, Health Warrior Cannabis Equity Reinvestment Board The new law dedicates 30 percent of tax revenue from cannabis sales. This is predicted to be $7.8 to 12.9 million in 2024 and $38.4 to 63.9 million in 2028—to a Cannabis Equity Reinvestment Fund. The fund will be managed by the 20-person Cannabis…

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Source : Virginia: Northam announces appointments to 3 boards that oversee cannabis legalization in Virginia

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