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The I Love CVille Show headlines (Thursday, April 22)
1. Virginia’s median home sales price jumps nearly 10%
2. Virginia Tech outlines an aggressive $400 million fundraising campaign.
3. Amazon is planning a new robotics fulfillment center near Richmond Raceway.
4. Virginia’s new law contains a curious provision that sets us apart from many of the other states that have legalized marijuana. Even in pot-happy states such as Colorado, Washington and California, most localities still ban retail sales and many ban cultivation. Virginia’s new law allows cultivation everywhere and gives localities just one chance to ban retail operations. They can only do so through a local referendum on prohibition in 2022. If voters don’t ban retail sales that year, then that locality is open for retail sales come 2024. (The rationale is that companies planning to set up stores need to know in advance where they can and where they can’t; that regulatory process will get underway in 2023).
5. Governor Ralph Northam rolls back restrictions on bar seating.
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Jerry Miller, CEO & Publisher
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