Here is the provided description of the McCormick-Goodin Commonsense Cannabis Plan:
Establishing the Indiana Cannabis Commission: The plan will create the Indiana Cannabis Commission, which will be responsible for overseeing the legal cannabis industry, including regulation, licensing, and ensuring compliance with safety standards. This independent body will help Indiana develop a well-regulated cannabis market, protecting Hoosiers and ensuring transparency as the state transitions to full legalization.
Establishing a Medical Marijuana Industry: The plan calls for the immediate creation of a regulated medical marijuana industry, providing Hoosiers with access to cannabis for medical purposes. This step will allow Indiana to address potential challenges and learn from the experiences of other states before moving to full adult use.
Transition to Adult-Use Cannabis: While the initial focus is on medical marijuana, the plan outlines a clear pathway toward full adult-use legalization. This phased approach will mitigate system challenges and ensure Indiana’s cannabis market is well-regulated and effective.
Regulating Hemp-Derived THC: The plan also addresses the issue of unregulated hemp derived THC products currently flooding Indiana’s gas stations and smoke shops. By regulating these substances, the state will protect consumers and ensure that cannabis products meet safety standards.
According to McCormick, legalizing adult-use cannabis could generate an estimated $172 million annually in tax revenues for Indiana.
“Indiana is an island of prohibition surrounded by states with legal cannabis industries,” McCormick said. “By taking a responsible, phased approach, we can ensure that our state is prepared for full adult-use legalization while immediately providing relief through medical marijuana.”
H/T: www.wthr.com
