Pennsylvania Gov. Calls for Legalizing Adult-Use Cannabis

Pennsylvania Gov. Josh Shapiro (D) called this week for the legalization of adult-use cannabis after suggesting the state is losing out on potential cannabis revenues to neighboring states that have already legalized, the Philadelphia Inquirer reports.

The governor signaled his priority on the issue on Tuesday by including legalization in his $48.3 billion budget proposal. An administration official predicted that with a 20% tax rate on regulated cannabis products, the state could generate $14.8 million in tax revenue during the first year, increasing to $76 million in its second, $160 million in its third, and $230 million in its fourth year of a regulated adult-use cannabis market, according to the report.

Pennsylvania‘s neighbors in New York, New Jersey, Delaware, Maryland, and Ohio have already legalized adult-use cannabis and Shapiro argues that the state is falling behind.

“Let’s stop hamstringing ourselves and start competing.” — Shapiro, via the Philadelphia Inquirer

The state’s Republican leadership, which controls the state Senate, has historically opposed significant cannabis reforms but this week suggested they may be willing the consider the proposal, the report said.

“We also need to understand where the governor is coming from,” said Senate Majority Leader Joe Pittman (R).

A Pennsylvania poll found last July that just over half of the state’s voters support legalizing adult-use cannabis, slightly down from a previous poll which placed support at 56%.

Get daily cannabis business news updates. Subscribe

Have an additional perspective to share? Send us a message to let us know, and if your comment is chosen by our editors it could be featured here.

Thanks for reading our latest news article. Stay up to date on the latest hemp news, sourced and approved by HempRevs. If you have any questions or comments, please feel free to leave us a message in the comments!

Sign up for our weekly newsletter to stay up to date on the latest Industry news and check back soon for our next news article!

Source Disclaimer: This article was was sourced from (the Original Publisher). In order to maintain the functionality, trust, and safety of, the content sourced from the Original Publisher may have been altered. Read the original article here:
Pennsylvania Gov. Calls for Legalizing Adult-Use Cannabis

Your subscription could not be saved. Please try again.
Awesome! You've Successfully Subscribed!

Join Our Newsletter

Get our latest reviews, news, and articles sent to your inbox every week!

Latest Articles

Galaxy Treats Banner Ad - 300x600

Related Content

Leave A Reply

Please enter your comment!
Please enter your name here