The Business of Cannabis

Study: Despite Restrictive Laws, Hoosiers Spend $2B A Year On Marijuana

May 6, 2026 | Great Lakes Region

Indiana is the most restrictive state in the nation when it comes to marijuana laws, and yet the cannabis market abounds, with Hoosiers spending about $1.8 billion annually on cannabis products, a new study finds.

The data comes as President Donald Trump’s administration has made moves to reclassify marijuana federally and Indiana Gov. Mike Braun has expressed an open mind toward medical marijuana, recognizing the situational reality of being landlocked by states where cannabis is legal in some form.

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