The Business of Cannabis

Virginia Cannabis Market Deal Sets 2027 Launch, Caps Licenses

Jun 17, 2026 | Feature, National

Weeks after she vetoed legislation that would create Virginia’s first retail cannabis market for adults, Gov. Abigail Spanberger and the sponsors of that legislation have worked out an agreement through a language compromise in the upcoming state budget. 

“I am excited to stand alongside Sen. Lashrecse Aird and Del. Paul Krizek to announce that we have agreed to a proposal that will create a safe, legal and well-regulated cannabis market here in the commonwealth of Virginia,” Spanberger said at a June 16 press conference in the Patrick Henry Building. “We will do it in a way that protects consumers, tamps down with the goal of eliminating the illicit market with clear enforcement and regulatory authority, and creates a more competitive market for small businesses and farmers. 

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