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Virginia Republicans See Possibilities With Marijuana Tax Revenue

Republicans in the House of Delegates have begun debating how to open the retail marijuana market, but there’s more than just talk emanating from Richmond.

Lawmakers have introduced legislation intended to lower the tax rate on sales and dedicate some revenue to school construction.

Virginia Mercury has more:

But leadership in the chamber stressed that the effort remains very much a work in progress and that they expect plenty of changes as the legislation makes its way through the committee system.

“We’ll come up with something,” said Garren Shipley, a spokesman for House Speaker Todd Gilbert, said last week. “There will be a bill. There may be multiple bills. But something is going to come out of this chamber.”

Republicans unanimously opposed legalization when Democrats voted last year to allow people to grow and possess small amounts of marijuana. But Democratic lawmakers’ decision to leave it until this year to finalize the particulars of how a legal retail market would work —combined with the loss of their House majority in November — has left the once-reluctant GOP with a key role in deciding how to proceed.

Gilbert said that while his caucus opposed legalization, he views it as imperative to come up with a mechanism for legal sales, complaining that the legal framework left in place by Democrats has only empowered the black market.

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