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Friday, Apr 18, 2025
Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.
Cannabis operators spent US$1.6M lobbying for adult-use in Pennsylvania last year
Cannabis operators spent US$1.6M lobbying for adult-use in Pennsylvania last year
Trulieve opened up another medical dispensary in Wilkes-Barre, Pennsylvania last summer. Photo credit: Trulieve Cannabis Corp

Cannabis

Cannabis operators spent US$1.6M lobbying for adult-use in Pennsylvania last year

Out of 26 companies, Trulieve spent the most

Several cannabis operators think Pennsylvania is the next golden opportunity for recreational weed and they are willing to fork out some cash to convince regulators to open the market.

In an analysis from Spotlight PA this week, the publication revealed that 26 companies invested US$1.6 million last year to lobby state authorities to legalize adult-use bud.

Trulieve Cannabis Corp (CNSX: TRUL) (OTCMKTS: TCNNF) (FRA: T0A) spent the most at approximately US$210,000. The MSO already has 21 medical dispensaries throughout the state and aims to expand its footprint even more.

Also worthy of note was Cresco Labs Inc (CNSX: CL) (OTCMKTS: CRLBF) (FRA: 6CQ), the AYR Wellness Inc (CNSX: AYR.A) (OTCMKTS: AYRWF) (FRA: 3KJB) subsidiary CannTech PA, Curaleaf Holdings Inc (TSE: CURA) (OTCMKTS: CURLF) and Verano Holdings Corp (OTCMKTS: VRNOF).

Pennsylvania became the 24th state to legalize medicinal cannabis in 2016. There are approximately 150 prescription pot shops statewide. Certain major cities like Philadelphia and Pittsburgh have decriminalized possession for those without prescriptions while others have not.

Read more: Cresco Labs secures foothold in Kentucky’s infant medical cannabis sector

Read more: LEEF Brands secures California cultivation licenses; boosts extraction capacity

State governor supports what companies seek

Recreational legalization in Pennsylvania has received support from influential figures, including Governor Josh Shapiro and State Representative Dan Frankel. Many anticipate that it will be the next American adult-use market to open.

Shapiro thinks that Pennsylvania is losing out when it comes to marijuana and has fallen behind its neighbours who have fully legalized the plant.

“Pennsylvanians are driving to those other states and paying taxes in those other states,” he said in a video released on Monday. “It’s time we get some of that revenue here.”

He thinks that the right to smoke a joint or eat a brownie is a matter of freedom and liberty. Shapiro also believes it’s important to shut down the illicit market.

His sentiment is shared by Senator Dan Laughlin, who is advocating for passing a legalization bill that him and Senator Sharif Street are currently finalizing.

“If people are honest, there’s no shortage of cannabis in Pennsylvania right now,” Laughlin said. “I would like to try to take it out of the black market’s hands as much as we can and keep it out of the hands of people under the age of 21, and I think this bill would help do that.”

The legislation would also offer a path toward expunging previous convictions, he says.

 

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