A pre-recorded streaming video replay of the October 2021 webcast, Cannabis and Law: A Deeper Look into Virginia’s Newest Budding Industry.
Topics Covered
- Explore how the establishment of a new $1.2 billion industry will affect dozens of other areas of law and practice
- Gain a deeper understanding of the legislation and its impacts on the legal profession, including but not limited to adult sharing and home cultivation, what liability a property owner might assume, employer best practices, and how human resource directors may respond to inquiries
- Get a brief overview of the legislative process, such as the impact of the reenactment clause, the creation of the Cannabis Control Authority, JLARC’s recommendations, and potential legislative amendments to the bill that likely will impact the sale and distribution of cannabis in the state
- For those interested in diversity, equity, and inclusion, examine the impacts on the legislation and the industry as well as SWaM implications
Earlier this year, the Virginia General Assembly enacted legislation to legalize cannabis in the Commonwealth. While simple possession of small amounts of cannabis is legal, widespread cultivation and distribution of cannabis is prohibited until January 2024.
Early estimates conservatively project the value of Virginia’s cannabis retail market at $1.2 billion. However, these estimates neglect to include the impact of ancillary industries such as law, banking, finance, insurance, construction, real estate, distribution, marketing and advertising, hospitality, and agriculture.
Since the enactment of the legislation, many new developments have occurred, including a report from the Joint Legislative Audit Review Commission (JLARC) outlining additional recommendations for the legislation, the creation of the Cannabis Control Authority, pending cases concerning housing and cannabis use, retail market implications, and questions from clients about what is and what is not allowed.
This program seeks to pick up where “Legal and Business Implications of Cannabis Legalization in Virginia,” originally presented earlier this year in June, left off, providing a deeper dive into the Virginia Cannabis Control Act. Attendees get answers to some of the burning questions they have regarding the Commonwealth’s newest budding industry and its intersection with the legal profession.