Pennsylvania’s Marijuana Retail Market Could Reach $1.7B if Legalized

Pennsylvania’s marijuana retail market could be nearly $1.7 billion if legalized, the state’s elected fiscal watchdog said.

Auditor General Eugene DePasquale announced his projection after releasing an analysis Thursday, adding that there are about 800,000 regular marijuana users in Pennsylvania.

He said adults spend nearly $2,000 per year on marijuana.

Pennsylvania legalized medical marijuana in 2016, however, possession and sale of recreational cannabis remain illegal.

Meanwhile, the possession of small amount of marijuana has already been decriminalized by many cities in the state, including Philadelphia and Pittsburgh.

DePasquale stated that almost 21,000 were charged with low-level marijuana charges last year.