Bloomberg Tax
Oct. 17, 2019, 9:29 PMUpdated: Oct. 17, 2019, 9:53 PM

Advocates of Taxing Marijuana Push Ahead in Florida, Pennsylvania (1)

Ryan Prete
Ryan Prete

Proposals to legalize recreational marijuana are gaining speed in two of the nation’s most populated states, and there’s potentially hundreds of millions in tax revenue on the line.

Lawmakers and lobbyists in Florida and Pennsylvania hope the two influential states will be among the next jurisdictions joining the 11 states that have already legalized recreational pot.

In Florida, a petition to legalize recreational marijuana was added to the Florida Division of Elections on Sept. 9. Nick Hansen, chair of Make It Legal Florida, the political committee that filed the petition, said Oct. 17 that more than 100,000 signatures have been ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.