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Retail Market

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politics24 days ago•4 min saved

Virginia sets timetable for phased legal cannabis market by 2027

Virginia leaders announced a negotiated plan to launch a phased, 350-location retail cannabis marketplace by July 1, 2027, with a state tax starting at 6% and rising to 8% by 2029, and local jurisdictions allowed to add 1-3.5%. The package includes a 2-ounce per-transaction limit, up to 100 microbusiness licenses by May 1, 2027, strict testing and youth-protection measures, and revenue earmarked for childcare, education, and behavioral health; the plan ties to the state budget after vetoes and aims for a balanced rollout overseen by the Cannabis Control Authority.

via WTOP|

#budget #cannabis #legislation

politics1 month ago•6 min saved

Spanberger veto stalls Virginia's planned 2027 cannabis market

Virginia Gov. Abigail Spanberger vetoed the Democratic-backed bill to create a regulated recreational cannabis market, delaying any legal sales to 2027 and prompting criticism from lawmakers who say the veto keeps Virginia’s cannabis economy in limbo and preserves an illegal market; Spanberger’s substitute would have started later and imposed stricter penalties, while supporters argue legalization could generate hundreds of millions in tax revenue over five years. The legislature will need to try again in 2027.

via VPM|

#cannabis #politics #retail-market

cannabis3 years ago•2 min saved

Maryland's Legal Recreational Weed Sparks Cross-State Interest

Recreational marijuana dispensaries in Maryland have opened their doors for the first time, allowing customers to purchase legal cannabis. Rise Dispensary in Silver Spring was among the dispensaries celebrating the start of legal recreational weed. Maryland is the first state to approve a retail market of legal dispensaries, unlike D.C. and Virginia, which rely on medicinal shops and "gifting" sellers. Customers can buy up to 1.5 ounces of marijuana or 750 milligrams of vape cartridges, gummies, and edibles at one time. Rise Dispensaries expects to double their sales now that they can sell recreational marijuana.

via WTOP|

#cannabis #legalization #maryland

business3 years ago•1 min saved

Bed Bath & Beyond seeks $300 million from market after terminating Hudson Bay deal.

Bed Bath & Beyond has terminated its fundraising deal with Hudson Bay Capital Management and is now seeking to sell up to $300 million of common stock in the open market to avoid bankruptcy as its sales decline and it closes hundreds of stores.

via The Wall Street Journal|

#bankruptcy #bed-bath-and-beyond #business