This bill legalizes recreational marijuana in Virginia and sets rules for retail sales, including cultivation, processing, and tracking under state regulation. It limits THC in edibles, requires health and safety labels, and enforces record-keeping. The bill supports those most affected by past marijuana laws with license access, business loans, and lower fees. The Virginia Cannabis Control Authority will oversee tracking, license numbers, and support for small businesses and social equity applicants. A commission will study on-site use and event sales. Penalties are set for violations, with possible financial impacts from sentencing changes.