Jushi Celebrates Enactment of Virginia Adult-Use Cannabis Legislation

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BOCA RATON, Fla., June 30, 2026 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) ("Jushi" or the "Company"), a vertically integrated, multi-state cannabis operator, celebrates the enactment of legislation establishing a regulated adult-use cannabis market in the Commonwealth of Virginia, adopted through Virginia's biannual budget. The legislation makes Virginia the first Southern state to establish a regulated adult-use cannabis marketplace, representing a landmark moment for the Commonwealth and the broader region. Under the legislation, licensed adult-use sales are scheduled to commence on July 1, 2027. The Company congratulates Governor Abigail Spanberger, Senator Lashrecse Aird, Delegate Paul Krizek and the Leadership of the Virginia General Assembly for their vision and commitment to creating a safe, well-regulated cannabis market that expands consumer access, creates jobs, generates meaningful tax revenue and continues to displace the illicit market. Over the past several years, Jushi has built a strong operational foundation in Virginia through investments in cultivation, manufacturing and retail infrastructure, positioning the Company to serve adult-use consumers from the launch of the regulated market. In preparation for the commencement of adult-use sales, the Company is advancing the next phase of its Virginia growth strategy, including plans for a significantly expanded cultivation facility expected to first increase cultivation space 33% later this year, followed by an approximate doubling of the facility's then existing indoor flowering canopy in the second half of next year resulting in a multiphase cultivation expansion of over 250%, while also evaluating opportunities to acquire a secured agricultural greenhouse property to support future production capacity starting early next year. "The enactment of this legislation is a game-changing moment for Virginia and marks the beginning of Jushi's next phase of growth," said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi Holdings Inc. "Virginia represents the single largest organic growth opportunity in our Company's history, and we've spent years preparing for this moment by building a scalable operating platform. As the Commonwealth prepares for the launch of adult-use sales, we're accelerating cultivation expansion and positioning Jushi to capitalize on...

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