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2024 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Ebbin
Co-Patron(s): Locke, Lucas
CCA: Retail Cannabis Regulation (SB 423)

Item 382 #1s

Item 382 #1s

First Year - FY2025 Second Year - FY2026
Public Safety and Homeland Security
Virginia Cannabis Control Authority FY2025 $9,023,075 FY2026 $10,067,773 NGF
FY2025 75.00 FY2026 84.00 FTE

Language
Page 435, line 50, strike "$5,411,060" and insert "$14,434,135".
Page 435, line 50, strike "$5,411,060" and insert "$15,478,833".


Explanation

(This amendment provides $9.0 million NGF and 75 positions the first year and $10.1 million NGF and 84 positions the second year for the estimated fiscal impact of Senate Bill 423, which establishes a framework for the creation of a retail cannabis market in the Commonwealth, administered by the Cannabis Control Authority. The NGF sources of revenue include licensing fees and taxes on product sales.)