Chief Patron: Krizek
HB 642 - Recreational Use Cannabis Market

Item 491 #1h

Language
Page 557, line 31, strike "$6,220,439" and insert "$7,220,439".
Page 557, line 31, strike "$6,220,439" and insert "$7,220,439".

Explanation

(This amendment provides $1.0 million each year in nongeneral fund appropriation as a placeholder amendment for administrative costs to the Virginia Cannabis Control Authority, which establishes a system of regulation and taxation related to the operation of an adult recreational use market for cannabis products in the Commonwealth. Upon enrolling, additional amendments will be provided as needed to reflect other impacts of the bill, to include potential costs resulting from the bill's creation of criminal penalties, and any assumed revenue impacts from the bill.)