GOP-Led Group Calls For Legal Cannabis In Indiana: 'Tell Your Legislator It's Time'

Comments
Loading...
Zinger Key Points
  • Safe and Regulated Indiana advocates for cannabis regulation, prioritizing tax revenue, public safety and limiting underage access.
  • Indiana lags behind neighboring states in cannabis reform, but this GOP-led efforts may shift the conversation toward legalization.
  • Get New Picks of the Market's Top Stocks

Several US states stand out as having not adopted legal adult-use cannabis or medical marijuana. One of them is Indiana, where a new Republican-backed group is calling on state lawmakers to adopt policies to tax and regulate cannabis for adults 21 and older in the state.

A group called Safe and Regulated Indiana, which seeks to reshape Indiana’s approach to cannabis by focusing on public health, safety, and economic opportunity, came out on Thursday, reported Indiana Capital Chronicle.

"By embracing a smart and evidence-based approach that prioritizes public health, safety, and economic opportunity, we can give Hoosiers the access that they deserve and demand," said Joe Elsener, the group's spokesman and former Indiana Republican Party executive director.

Focus On Regulation, Not Legalization

Safe and Regulated Indiana's messaging avoids the term "legalization," but rather stresses "regulation."

A multimedia ad campaign already online promotes the idea of taxing and regulating cannabis like alcohol to generate new tax revenue, reduce illegal drug sales and allow “new tax revenue for law enforcement,” to focus on violent crimes. It also claims regulation will put illegal dealers out of business.

"Tell your legislator it's time for safe and regulated marijuana," the ad concludes.

Read Also: This Gubernatorial Nominee’s Cannabis Plan Could Generate $172M Annually For ‘Island Of Prohibition’ Indiana

Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you're serious about the business, you can't afford to miss out.

Economic And Public Safety Impacts

Indianapolis City-County Councilor Michael-Paul Hart stated that regulating cannabis like tobacco and alcohol could prevent underage access, create thousands of jobs, and bring "hundreds of millions of dollars of new revenue" to Indiana.

Neighboring states like Illinois, Michigan and Ohio have already legalized recreational marijuana, while Kentucky has approved medical cannabis.

However, Indiana's leadership remains resistant. Outgoing Governor Eric Holcomb has long opposed legalization, and Governor-elect Mike Braun recently expressed conditional support for medical cannabis, contingent on law enforcement input. Earlier in 2024, Indiana Democrats introduced bills to legalize medical and adult-use cannabis.

Cover: Safe and Regulated

Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.