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Legalized marijuana could bring over $1 billion in tax revenue to Pennsylvania over five years, report says

Posted on AllSides April 3rd, 2024
From The Center

Legalized marijuana in Pennsylvania has the potential to bring in more than $1 billion in tax revenue over the next five years, according to a new report by the Independent Fiscal Office.

The study shows, if legalized this year, legalized marijuana could generate $41 million in General Fund revenue in 2024-25.

That number increases to $185 million in 2025-26 and surpasses $250 million every year after 2026, according to the study.

The IFO’s study assumes legalized marijuana sales would begin in January 2025 if Governor Josh Shapiro’s proposal is passed by the split...

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