04:25 PM EST, 02/04/2025 (MT Newswires) -- Jushi Holdings ( JUSHF ) on Tuesday afternoon issued a statement about the inclusion of adult-use cannabis in Pennsylvania Governor Josh Shapiro's annual budget proposal.

Chief Executive Jim Cacioppo said that while the company acknowledges the budget implications, it is important to apply the same public protections in the adult-use market as in the medical market.

"It is undeniable that there is a cannabis marketplace in every town in America, with the only question being whether or not that market is regulated. A regulated cannabis market limits sales by age, clearly marks packaging, is subject to rigorous oversight and provides the public with a safe and thoroughly tested product. And yes, it also takes funding from criminal enterprises and puts it into state coffers. The status quo in our Commonwealth fails to do all those things," Cacioppo said.

It's time to create a legal, regulated adult-use cannabis market, he added.

Jushi ( JUSHF ) shares closed up $0.005 to $0.48 on the Canadian Securities Exchange.