
For the third straight year, Pennsylvania Gov. Josh Shapiro called on state legislators during his annual budget address on Tuesday to legalize adult-use cannabis.
If lawmakers in the state’s split Legislature can overcome a yearslong partisan deadlock, Pennsylvania would be the 25th state to legalize recreational marijuana – and would create an industry with annual sales of $2.8 billion within a year, according to one estimate.
ADVERTISEMENT
Shapiro, who took office in 2023, has included tax revenue from legal cannabis in each of his three annual budgets.
Pennsylvania would tax adult-use marijuana at 20%
As he did the past two years, Shapiro proposed a wholesale tax of 20% on adult-use marijuana.
That would be one of the higher tax rates in the country but
Read full article on Marijuana Business Daily