Virginia Code 4.1-1500: Definitions
Current as of: 2023 | Check for updates
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As used in this chapter, unless the context requires a different meaning:
Terms Used In Virginia Code 4.1-1500
- Board: means the Board of Directors of the Virginia Cannabis Control Authority. See Virginia Code 4.1-600
- Fund: means the Virginia Cannabis Equity Business Loan Fund established in § 4. See Virginia Code 4.1-1500
- Marijuana: means any part of a plant of the genus Cannabis, whether growing or not, its seeds or resin; and every compound, manufacture, salt, derivative, mixture, or preparation of such plant, its seeds, its resin, or any extract containing one or more cannabinoids. See Virginia Code 4.1-600
- Program: means the Virginia Cannabis Equity Business Loan Program established in § 4. See Virginia Code 4.1-1500
“CDFI” means a community development financial institution that provides credit and financial services for underserved communities.
“Fund” means the Virginia Cannabis Equity Business Loan Fund established in § 4.1-1501.
“Funding” means loans made from the Fund.
“Program” means the Virginia Cannabis Equity Business Loan Program established in § 4.1-1502.
“Social equity qualified cannabis licensee” means a person or business who meets the criteria in § 4.1-606 to qualify as a social equity applicant and who either holds or is in the final stages of acquiring, as determined by the Board, a license to operate a marijuana establishment.