The Inquirer: New Jersey is almost certain to legalize marijuana for adult recreational use within a year, and that’s sure to have major repercussions on Pennsylvania’s nascent medical cannabis industry.
Gov.-elect Phil Murphy ran on a platform calling for full legalization of all forms of marijuana for anyone over 21. Industry analysts say the Garden State cannabis market could be worth $1 billion a year and generate an annual $300 million for the state’s tax coffers.
“It could be massive,” said Chris Walsh, editor of Marijuana Business Daily, addressing the MJBizCon cannabis convention, which drew 18,000 people this month in Las Vegas.
Bills are pending in both houses of the Legislature, and though a few lawmakers have expressed reservations, State Senate President Stephen Sweeney (D; Gloucester) also considers legalization “a priority.”