The conversation on Marijuana isn’t going to stop. Prohibition is on the way out, and not only government and business stand to profit, but the people will be able to find tens of thousands of new, green, sustainable and well-paying jobs available.
The fact that there is a national Marijuana business conference speaks volumes in and of itself. With Washington and Colorado legal, 18 states and the District of Columbia legal for medicine and many more on the horizon, it’s time for those providers of new services to be getting their acts together. Marijuana is coming, like someone said, “A Tsunami.” It will be in Indiana soon.
Consider this: There is an estimated one million pot smokers in Indiana, probably more than that. The “Average” smoker uses a quarter ounce per week, an ounce per month. That’s a million ounces. An average, indoor-grown plant will bear eight ounces every 90 days. That’s 125,000 plants needed every month. Outdoor plants usually bear less, and you only get one outdoor crop per season. There are an estimated 100,000 medical needs patients in Indiana, using, on average, two ounces per month, or 200,000 ounces per month of strain-specific Marijuana. So we’re up to 1,200,000 ounces of Marijuana per month, and we’re up to 150,000 plants per month. Indiana has a $3.50 per gram tax. There are 273,600,000 grams in the above numbers. $957,600,000 of tax collected. The tax is, however, excessive and might drive the final price up to a point an underground economy might be worth the risk to some. At $2.00 per gram, the tax would still be a healthy $547,200,000…a little over a half billion new dollars.
Bear in mind these are conservative figures. There are no figures to show how many people in Indiana smoke Marijuana recreationally, or how many would benefit from it medicinally. Indiana’s population is approximately 6.5 Million. A sixth of the population using Marijuana is not unreasonable. We know Marijuana holds the key to curing cancer, and has been shown to cure seven of 10 cancers, so every cancer patient is a potential medical needs person. Arthritis patients, multiple sclerosis sufferers, epileptics, glaucoma victims. That could amount to a lot more than 100,000 Hoosiers.
Estimates from Washington state, which is slightly larger in population than Indiana, are placed at 187,000 pounds of Marijuana annually, just for recreational use.
Bear in mind that medical Marijuana can be different from recreational use Marijuana. Medical Marijuana requires certain strains to treat certain ailments, whereas that’s not necessary for recreational use. Therefore, not just any old Marijuana can be grown.
Someone will have to plant and raise these 150,000 plants. Someone will need to process, transport, warehouse, package, label and sell the finished product. Someone will need to produce lighting systems, irrigation systems, develop nutrients. This would be a great time to develop solar lighting, calling for workers to build those systems, or, better yet, switch to Hemp fuel to provide energy. Someone will have to make and build greenhouses to specifications. For outdoor growing, implements will be needed, parts for those implements and mechanics to service them. In the case of Hemp, processing plants to extract the oil, process the seed cake, separate the hurds from the stalks, transport fiber and hurds for processing into various products, marketing, delivery and sale. And let’s not forget security systems and/or personnel. Alarm systems to notify growers of a problem in water, temperature or ventilation will be needed. Then, of course, there will also be real estate transactions, whether land purchases, sales or rentals, and loans to be made for the purchase of land and equipment. All of this on a scale never seen before in this state. Relegalization is a win-win for everyone. Lower crime, better health and better economy awaits Indiana.