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 article explains how Virginia’s adult-use cannabis legislation under HB 642 and SB 542 embeds impact licensees into the first phase of licensing and funding, outlining early issuance requirements, microbusiness pathways, equity funding mechanisms, and what qualified applicants should be preparing for ahead of the July 1, 2026 application window.