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TRSSF - State-Run Vs. Private: Pennsylvania Debates Transition Of Liquor Store Model To Cannabis Distribution | Benzinga

The conversation around cannabis legalization in Pennsylvania is pivoting towards a potential state-run model, akin to the existing system for alcohol sales.

This approach, which would involve using the framework of state-run liquor stores to manage and distribute recreational marijuana, aims to streamline operations and enhance revenue, positioning state-run weed shops as pivotal to PA's strategy for regulating and capitalizing on the burgeoning cannabis market.

Governor’s Proposal

Democratic Governor Josh Shapiro has reignited the push to legalize recreational marijuana in Pennsylvania, following in the footsteps of his predecessor, Tom Wolf. Shapiro's proposal suggests regulating and taxing cannabis like alcohol to boost state revenue and reform social injustices.

The governor emphasized that the industry should create jobs and invest in communities disproportionately affected by past criminalization, proposing that taxes on legal sales could generate approximately $250 million annually within five years.

Legislative Dynamics

Even the GOP-dominated state Senate shows signs of shifting perspectives, with key figures open to discussing legalization.

The proposal sets the stage for a highly contested debate, with significant implications for the economy and ...

Full story available on Benzinga.com

Stock Information

Company Name: TerrAscend Corp
Stock Symbol: TRSSF
Market: OTC
Website: terrascend.com

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