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Taxation, revenues, and cannabis. Creates a regulatory framework for retail marijuana sales in the Commonwealth, upon which a 12.875 percent marijuana tax, a 1.125 percent sales tax, and a three percent mandatory local tax are imposed under the renamed Virginia Alcoholic Beverage and Cannabis Control Authority. This bill was incorporated into SB 542.
Introduced
Jan 23, 2026
Last Action
Feb 12, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Incorporated by Finance and Appropriations (SB542-Aird) (15-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB826)
Fiscal Impact statement From VCSC (1/26/2026 11:16 am)
Presented and ordered printed 26101012D
Referred to Committee on Finance and Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Incorporated by Finance and Appropriations (SB542-Aird) (15-Y 0-N)
L. Louise Lucas