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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

US Virgin Islands: Governor Calls For Cannabis Legalization To Generate Tax Revenues

Governor Albert Bryan Jr. (D) of the U.S. Virgin Islands (USVI) is calling on the legislature to legalize marijuana and generate revenues for the Territory. Bryan included expected revenues in an executive budget request that he sent to lawmakers on Tuesday. The document anticipates $10 million in tax revenues from legal cannabis sales, reported local media.

The Governor said he plans to call the Legislature into Special Session to address the Adult-Use Cannabis Act and will give lawmakers plenty of time to consider the proposed measure.

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