Texas Senator-Elect Files Cannabis Legalization & Medical Expansions Bill
Marijuana Stocks, Finance, & InvestingUncategorized November 11, 2020 MJ Shareholders
Texas Senator-elect Roland Gutierrez (D) has pre-filed a bill to legalize recreational cannabis use in the state and expand its medical cannabis program, CW39 reports. In a tweet, the lawmaker from San Antonio said the measure would create 30,000 new jobs in the state and produce $3.2 billion in new revenue.
The measure sets personal possession limits at 2.4 ounces, allows personal cultivation up to 12 plants per household, and sets the legal purchase age at 21.
“There is going to be a budget shortfall to affect all Texans next legislative session, however, I look forward to working with my colleagues to offer a real solution. Our state’s economic future is uncertain and in order to best serve our state, we have to look at cannabis legalization as a solution and not keep going back to the taxpayers and raise their taxes.” – Gutierrez to WOAI
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