Cannabis Tax Rates in Virginia
This state has legalized both recreational and medical cannabis.
Tax Rate Breakdown
Overview
Virginia legalized cannabis possession for adults 21+ in July 2021, but retail sales have not yet launched as the state finalizes its regulatory and tax framework. The proposed tax structure includes a 21% excise tax plus state and local sales taxes, which could bring the total effective rate to approximately 30%. The Virginia Cannabis Control Authority has been established to oversee the market. The timeline for retail sales launch remains uncertain pending legislation.
Key Facts
- •Possession legal since July 2021 for adults 21+
- •Retail sales framework still being finalized
- •Proposed 21% excise tax on retail cannabis
- •State and local sales taxes would apply on top
- •Virginia Cannabis Control Authority established to regulate the market
Frequently Asked Questions
Can you buy cannabis in Virginia?+
What will Virginia's cannabis tax rate be?+
When will Virginia dispensaries open?+
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Disclaimer: The information on this page is provided for educational and informational purposes only and does not constitute tax or legal advice. Cannabis remains illegal under US federal law. Virginia tax rates and regulations are subject to change and may vary by local jurisdiction. Tax rates, revenue figures, and program details described here are based on publicly available information and may not reflect the most current regulations. Always verify current tax rates with official Virginia state tax authorities and consult with a qualified tax professional. Cannabismarketcap does not guarantee the accuracy or completeness of any information presented.