Wisconsin Governor Considers Cannabis Reform In 2021 In An Effort To Boost Tax Revenue

Wisconsin Governor Tony Evers says cannabis legalization could boost tax revenue for his state as a way to offset struggles brought on by the coronavirus pandemic.

The prospect of adult use is up for consideration in Wisconsin' 2021 budget proposal, Evers told Milwaukee Journal Sentinel. Nothing has been decided so far.

Some lawmakers, such as State Senator Chris Larson, have promised to sponsor legalization endeavors during the 2021 session. However, speculation suggests that the Republican-held legislature is not on board with the idea.

Related link: Disruptive Business, Wisconsin Housewives & Cannabis: A Talk With Leslie Bocskor

Wisconsin Support

Marijuana Moment reports that many Wisconsin citizens are in favor of cannabis reform. Ballot questions passed in three jurisdictions in 2019, on the heels of 16 counties passing non-binding advisory questions related to cannabis legalization.

The local-level push for reform in Wisconsin continued as of late, with capital city Madison voting to remove the majority of possession and consumption penalties for anyone age 18 or over.

State-owned land is excluded from the regulations.

The law, which legalized up to one-ounce possession and use in both homes and public places, is said to have been passed to treat cannabis like alcohol.

However, revenue generation is not always what drives reform efforts in Wisconsin.

In early December, Madison Alder Samba Baldeh cited the disproportionate arrest rates of people of color as a driver for the bill's passage.

Market News and Data brought to you by Benzinga APIs

Posted In:

Cannabis is evolving—don’t get left behind!

Curious about what’s next for the industry and how to stay ahead in today’s competitive market?

Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.

Secure your spot now before prices go up—this is where the biggest deals and connections happen!

Get your tickets today!

Comments
Loading...