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PC 1142

Para enmendar los Artículos 21, 22 y 27 de la Ley 42-2017, según enmendada, conocida como la “Ley para la Implantación del Plan para la Reorganización de la Industria del Cannabis Medicinal de Puerto Rico”; a los fines de disponer que una fracción de los fondos recaudados bajo dicha Ley se destinará al Fideicomiso para el Retiro de la Policía; y para otros fines relacionados.

2025-2028 Session

Puerto Rico redirects portion of medical cannabis tax revenues to Police Retirement Trust Fund by amending cannabis industry law.

Referido a Comisión(es)
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WeVote Research Nonpartisan
Bill Summary · PC 1142

Legislative bill overview

Bill PC 1142 proposes to amend Puerto Rico's Medical Cannabis Industry Reorganization Law (Law 42-2017) by redirecting a portion of cannabis tax revenues to the Police Retirement Trust Fund. The bill modifies Articles 21, 22, and 27 of the existing cannabis regulation framework to establish this new revenue allocation mechanism.

Why is this important

Medical cannabis tax revenues in Puerto Rico represent a significant and growing funding source. Redirecting these funds to the Police Retirement Trust addresses the critical underfunding of police pensions, which represents a major long-term liability for the commonwealth. This represents a policy choice about how to allocate revenues from a relatively new industry and may signal broader fiscal priorities regarding public employee benefits.

Potential points of contention

  • Competing fund priorities: Cannabis tax revenues may already be allocated to healthcare, infrastructure, or drug treatment programs; diverting funds creates winners and losers among existing budget priorities
  • Precedent for earmarking: Designating specific revenue streams to specific trust funds can limit fiscal flexibility and make it harder to address emerging budget crises
  • Adequacy of police pensions: Questions about whether this allocation sufficiently addresses pension liabilities or merely delays broader pension system reform

Compiled from official sources — confirm details with the bill’s official record.

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