Virginia Democrat Gov. Abigail Spanberger has announced that an agreement had been reached with lawmakers that would allow for a retail marijuana marketplace to open in the state. She said the agreement was a compromise after months of ongoing discussions. 

Under the agreement announced Tuesday, the marketplace would open July 1, 2027. The sales tax on cannabis products will start at 6% and increase to 8% in 2029, WTOP News reported. 

The plan allows for a maximum of 350 retail locations across the state, which will be licensed in a phased approach. 

Spanberger had previously vetoed a proposal out of the General Assembly, but discussions continued. The latest legislation is tied to the state's lingering budget process, and it will be included in any budget package that comes before the governor. 

Lawmakers had previously passed a legalized marijuana market concept, but former Gov. Glenn Youngkin vetoed the idea twice. 

The new plan includes an increased penalty for public consumption of $250, which goes into effect next year. Spanberger had proposed making it a Class 4 misdemeanor.