By MjInvest Editor in Chief on Friday, 08 March 2024
Category: Cannabis Business Executive

Bill to allow marijuana sales in peril after breakdown on Virginia arena deal

Hopes that Gov. Glenn Youngkin might sign a bill legalizing retail sales of marijuana in Virginia faded fast this week as Democrats blocked one of the governor’s top priorities: the plan to bring a professional sports arena to Northern Virginia.

As recently as Wednesday, according to multiple Capitol sources, the cannabis bill was being raised in closed-door budget talks with the governor as one of several Democratic priorities that could conceivably have been part of a package deal with the arena.

But the prospects of a grand policy bargain appeared to collapse Thursday as Democrats revealed a budget proposal without Youngkin’s arena plan, prompting the governor to say he was less inclined to look favorably on Democratic priorities. In a news conference on the Capitol steps, Youngkin said the arena deal Senate Democrats rejected involved up to 30,000 jobs and $12 billion in economic impact.

“And, bluntly, you want to talk about putting a cannabis shop on every corner?” Youngkin said. “I don’t quite get it.”

The governor said several other topics had been part of an “overall discussion” with Democrats. However, he suggested the rejection of an economic development project that could’ve drawn bipartisan support isn’t going to make him more likely to approve bills that passed mostly along party lines.

[Read more at Virginia Mercury]
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(Originally posted by AggregatedNews)

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