Pennsylvania Senators to Introduce Bi-Partisan Adult-Use Cannabis Bill
An adult-use cannabis bill was announced February 24, 2021 by State Senators Sharif Street (D-Philadelphia) and Dan Laughlin (R-Erie). The bill would legalize possession of up to 30 grams for those 21 and over, while limiting at-home cultivation to medicinal use. Noting New Jersey’s recent legalization, and New York’s intention to legalize adult-use cannabis this year, the Senators stressed the importance of Pennsylvania legalizing now to avoid ceding tax revenue and jobs to their neighbors. Under the bill, cannabis products would be subject to a 10 percent excise tax, in addition to Pennsylvania’s state tax.
The bi-partisan bill follows Governor Tom Wolf’s call for legalization earlier this year. We will continue to monitor this bill as it progresses through the legislative process.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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