Virginia Marijuana Consultant

Virginia Cannabis Licensing Information

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Virginia

Virginia

Allows Medical marijuana?: Limited (Yes high-CBD or THC-A, low-THC oil)

Allows Adult-Use marijuana?: No

2018 Medical Sales : N/A

2022 Projected Medical Sales : $17,200,000

2018 Adult Use Sales : N/A

2022 Projected Adult Use Sales : N/A

Noteworthy Information: The oil must at least 15% CBD or at least 15% THCA-A and may contain no more than 5% THC. In March of 2018, the state expanded the affirmative defense for possession of medical cannabis oils to any diagnosed condition while the state establishes five “pharmaceutical processors”, one for each of Virginia’s five health regions. The Pharmacy Board released 24 pages of regulations that set rules for every stage of the CBD oil process. Patients and their doctors will have to register with the Pharmacy Board before they can make their first purchase. The earliest estimated date when the oil will be available at a licensed facility is late 2019.

Is there a Regulatory Structure? (State Agency): No (the Virginia Board of Pharmacy is in charge of issuing pharmaceutical processor permits)

# of Dispensaries Allowed (# issued): 5. Called ‘Pharmaceutical Processors’. Allowed to cultivate, process, and dispense cannabidiol oil (0 issued)

# of Cultivations Allowed (# issued): See above.

# of Manufacturers Allowed (# issued): See above.

# of Testing labs Allowed (# issued): N/A

Geographic Distribution of Licenses: One for each of Virginia’s five health regions.

Application Fee:
Pharmaceutical processor permit application fee: $10,000

Licensing Fees:
Pharmaceutical processor permit fee: $60,000
Pharmaceutical processor permit annual renewal fee: $10,000

Residency Requirements:
N/A

Vertical Integration Allowed, Required or Prohibited:
Each Pharmaceutical Processor is allowed to cultivate, processor, and dispense cannabidiol oil.

Medical Marijuana Qualifying Patient Conditions:
Intractable epilepsy, cancer, Crohn’s disease or any other medical condition.

Testing Required:
Yes

New Leaf Cannabis Consulting can help you achieve cannabis licensure in Virginia

The team at New Leaf Cannabis Consulting has assisted cannabis businesses launch successfully throughout the United States. Team New Leaf are high level professionals who are also veterans of this industry: We know what it takes to take you step by step through the licensing process even when regulatory details are unclear.

To learn more or get started, contact us today. We look forward to helping your cannabis business take off in Virginia.

Phone: 18887915323

Email: info@newleafcannabisconsulting.com

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