AMENDMENT(S) PROPOSED BY THE SENATE

SEN. MCPIKE

1. After line 142, introduced

insert

3. That, except for permits issued by the Board of Pharmacy in accordance with § 54.1-3442.6 of the Code of Virginia, as amended by this act, prior to July 1, 2023, no permit authorized by the provisions of this act shall be issued to an applicant unless at least 50 percent of the ownership interest, membership interest, and voting rights of the applicant are held by a qualifying hemp processor or grower. For the purposes of this enactment, "qualifying hemp processor or grower" means a hemp processor or grower that (i) was registered with the Commissioner of Agriculture and Consumer Services pursuant to Chapter 41.1 (§ 3.2-4112 et seq.) of Title 3.2 of the Code of Virginia prior to January 1, 2020; (ii) satisfied all background check and other security clearance requirements of the Department of Agriculture and Consumer Services prior to December 31, 2022; (iii) has no less than $1 million in liquid or nonliquid assets; and (iv) has submitted planting and propagation reports for 5,000 square feet or more of hemp cultivation or processed an equivalent amount of hemp as determined by the Board of Pharmacy in consultation with the Board of Directors of the Virginia Cannabis Control Authority.