Pennsylvania Gov. Josh Shapiro (D) has proposed legalizing and taxing recreational cannabis as part of his 2023-2024 budget request.
What Happened
The government budget, an estimated $188 million in annual cannabis revenue by 2028, proposes to impose a 20 percent tax “on the wholesale price of [cannabis] products sold through the regulated framework of the production and sales system, once legalized.”
"Assuming that sales begin on January 1, 2025, the budget estimates that the state would generate about $16 million in cannabis tax revenue that year, increasing to $64 million in 2026, $132.6 million in 2027, and $188 million in 2028," per Marijuana Moment, first news media outlet to report it.
The executive document does not include any proposed marijuana policy changes.
Adult-Use Cannabis Bills On The Table
Meanwhile, a PA measure is seeking to regulate cannabis. Sponsored by Rep. Dan Frankel and Rep. Donna Bullock, the bill would create "a legal and regulatory framework structured to control and regulate the cultivation, …