Virginia Cannabis Control Authority; draft regulations governing cannabis, report.

Virginia Cannabis Control Authority; draft regulations governing cannabis; report. Directs the Virginia Cannabis Control Authority to draft regulations governing the indoor cultivation, processing, manufacturing, testing, packaging, labeling, distribution, sale, and delivery of marijuana to adults age 21 or older in the Commonwealth, which shall (i) include appropriate application and license fees; (ii) include transaction limits; and (iii) model, to the greatest extent practicable, the regulations promulgated by the Authority governing the Medical Cannabis Program. The bill requires the Authority to report such draft regulations to the General Assembly by November 15, 2025, and indicate the date by which it would be able to implement and enforce such regulations, issue licenses, provide adequate enforcement, and implement a transitional sales program for pharmaceutical processors. The bill specifies that any regulations drafted by the Authority pursuant to the provisions of the bill shall not become effective until such regulations are approved by an act of the General Assembly.