Group Launches Effort to ‘Regulate Marijuana Like Alcohol’ in Ohio

Cannabtimes

<![CDATA[A group of cannabis advocates in Ohio has launched efforts to “regulate marijuana like alcohol” in the Buckeye State after the COVID-19 pandemic stalled the campaign’s push to place adult-use legalization on the state’s 2020 ballot.The Coalition to Regulate Marijuana Like Alcohol submitted summary language of an initiated statute to legalize and regulate adult-use cannabis to the Ohio Attorney General’s Office last week, and will find out whether the language is approved by Aug. 5. The proposed law would legalize and regulate adult-use cannabis cultivation, manufacturing, testing and sales to adults 21 and older, as well as allow adults to grow six plants at home for personal use, with a maximum of 12 plants per household.The proposal would levy a 10% tax on adult-use cannabis sales, on top of regular state and local sales taxes. The tax revenue generated would be allocated to very specific areas, including:36% for a Social Equity and Jobs Fund to create a program to support social equity applicants in the adult-use business licensing process;36% for a Host Community Cannabis Fund, to support communities that host adult-use dispensaries;25% for a Substance Abuse and Addiction Fund, to support substance abuse education and treatment; and3% for a Division of Cannabis Control, which would oversee the adult-use cannabis industry.It replaces prohibition with a sensible framework for regulation and taxation,” Tom Haren, a spokesman for the Coalition to Regulate Marijuana Like Alcohol, told Cannabis Business Times and Cannabis Dispensary, adding that the proposed law will generate an estimated $400 million in new tax revenue. “It utilizes the existing medical marijuana infrastructure to provide a quick path to legal sales to adults that will provide an alternative for Ohio consumers to the unregulated market or spending their money out of state.”The proposal allows Ohio’s existing medical cannabis operators to expand their…

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Source : Group Launches Effort to ‘Regulate Marijuana Like Alcohol’ in Ohio

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