Pennsylvania state lawmakers approved a bill that would end what they call a “near-monopoly” in the state's medical cannabis market. The move comes as Gov. Josh Shapiro pushes for the legalization and taxation of marijuana to help fund new investments in education and other sectors. The bill aims to open up the medical marijuana industry to more competition and ensure better access for patients in need of the treatment.
During his annual budget address, Gov. Shapiro emphasized the need for Pennsylvania to legalize marijuana, citing the potential revenue it could generate for the state. He believes that officials in the state "don't even have a choice anymore" when it comes to legalizing marijuana, as the benefits outweigh any potential drawbacks. The governor's budget proposal includes significant increases in funding for education and economic development, with plans to regulate adult use of marijuana.
In his spending plans for the upcoming fiscal year, Gov. Shapiro outlined how legalizing marijuana could bring in over a quarter-billion dollars in revenue for Pennsylvania. He called on lawmakers to consider the economic benefits of legalization and urged them to take action on the issue. The governor sees marijuana legalization as a way to boost state finances and address pressing needs in education and other key areas.