Legalizing marijuana in Indiana could give boost to the state's manufacturing and agriculture sectors. Legalization also eliminates the black market.
Indiana’s elected leaders have the opportunity to create a new industry that will bring in hundreds of millions of dollars for our economy, tying together two of our most important and well-established economic sectors: manufacturing and agriculture, which happen to lie at the heart of the cannabis industry.
Mirroring public opinion across several states, overall Hoosier views on cannabis also lean favorable, with over 85% of respondents in a recentAs of March 2022, states reported a combined total of $11.2 billion in tax revenue from legal, adult-use cannabis sales, according to the. In 2021 alone, legalization states generated more than $3.7 billion in cannabis tax revenue from adult-use sales.
Currently, federal law prohibits cannabis from moving between states. Each state that legalizes cannabis must create its own infrastructure inside its own borders, meaning facilities for growing the product, production facilities and transportation entities must all be located inside the state. If we wait until federal legalization, the states that have already legalized cannabis will be able to import their product to Indiana, leaving Indiana subject to only housing cannabis retail locations.
Should Indiana legalize cannabis before the federal regulation, the state will have the opportunity to add the high-paying jobs that state universities supply degrees for, like chemistry, agriculture or business. Waiting to act until federal legalization will limit Indiana’s economic and job market growth and only fuel the illicit market in our state.
There are other compelling reasons to legalize, including the fact that spending law enforcement time on enforcing our current cannabis laws is not the best use of scarce taxpayer dollars when we have more extreme issues, like crime. Additionally, around
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