This article explains Virginia’s adult-use cannabis licensing framework under SB 542 and HB 642, outlining license categories, caps, lottery structure, impact eligibility, and the critical preparation steps prospective applicants should complete before applications open on July 1, 2026.
This guide outlines the statutory framework for Virginia’s adult-use cannabis market under HB 642 and SB 542, detailing licensing categories, application timelines, microbusiness opportunities, hemp conversion pathways, pharmaceutical processor requirements, and the regulatory infrastructure prospective licensees must prepare for ahead of July 1, 2026.
This post outlines why 2026 is shaping up to be a pivotal year for adult-use cannabis in Virginia, explaining how the change in executive leadership, the introduction of HB 642, and emerging licensing timelines affect entrepreneurs, investors, and existing operators preparing to enter a regulated retail market.