Within the next few weeks, Virginia is set to launch the state’s limited commercial medical cannabis program and supporters believe the new program will be met with modest expectations. Also, many cannabis proponents have high hopes for robust growth and strong business opportunities thanks to the possible rollout of flower sales in the next year or two. Currently, cannabis products are limited to cannabis oils, edibles such as lozenges and lollipops as well as vape cartridges with single doses capped at 10 milligrams of THC. Despite the market restrictions and projections, it will reach only $50 million in sales by 2024, Virginia is seen as a gem by many market insiders due to the current licensing landscape.
– Marijuana Business Daily, 08/12/2020 6:30:11 AM