Move CCA to Independent Agencies and Adjust for New Regulations
Item 474.2 #1s
Item 474.2 #1s | First Year - FY2025 | Second Year - FY2026 | |
| Independent Agencies |
| Virginia Cannabis Control Authority | FY2025 $6,751,121 | FY2026 $0 | GF |
| FY2025 $12,798,944 | FY2026 $15,670,085 | NGF |
Language
Page 526, before "§ 1.137. State Corporation Commission", insert:
"Authority: §§4.1-601 through 4.1-1503, Code of Virginia.
A. Out of the amounts appropriated in this item, $6,751,121 the first year from the general fund and $12,798,944 the first year and $15,670,085 the second year from nongeneral funds is provided for the general operations of the Virginia Cannabis Control Authority. Of this amount, the Cannabis Control Authority shall deposit $4,000,000 the first year from the general fund into the Fund established pursuant to § 4.1-1501, Code of Virginia.
B. The Director, Department of Planning and Budget, is authorized to transfer up to $2,500,000 from any general fund balance originally appropriated in Item 479 U., Chapter 552, 2021 Acts of Assembly, Special Session I to the Cannabis Control Authority to cover one-time costs of a seed-to-sale tracking system
C. The Board of Directors of the Cannabis Control Authority shall deposit into the Fund established pursuant to § 2.2-2499.8 of the Code of Virginia any net profit amounts designated for appropriation pursuant to paragraph 2 of subsection B of § 4.1-614 of the Code of Virginia. The Department of Planning and Budget shall authorize the transfer necessary for such deposit to such Fund."
Explanation
(This amendment transfers the Cannabis Control Authority (CCA) program area to Independent Agencies in the appropriation act to align with its status as an independent authority, as established by § 4.1-601, Code of Virginia. In addition to transferring CCA's base appropriation, this amendment adjusts CCA's budget to account for expanded regulatory efforts and provides $4.0 million GF the first year for low-interest loans. The amendment removes language related to pharmaceutical processors transitioning between locations that is no longer needed due to enacted legislation. It is the intent that additional technical amendments to transfer the Cannabis Control Authority to Independent Agencies shall be included upon enrollment.)