Regulated Cannabis Industry

Cannabis is a substance that can be abused and should be kept out of the hands of those under the legal age, except as needed for medication and medical purposes.

Under International Treaty the United States is required to regulate substances that are considered to be of potential for abuse.
This treaty, the Single Convention on Narcotic Drugs (1961), doesn’t in any way prohibit the use of these substances just that they be regulated and controlled.
Like other substances subject to abuse the Cannabis Industry should be well regulated on a state and national level.

Each state should establish regulations for it’s Cannabis Industry to operate legally. These regulations should allow for the adult consumption, medical and industrial uses of Cannabis at each states discretion.

Once established by a state the Federal Government should oversee through existing law a Legal Cannabis Industry on all levels.  Currently the Controlled Substances Act (CSA) allows for the registration of business and individuals to conduct business in Cannabis. This law allows the Drug Enforcement Agency (DEA) to register Manufacturers, Importers, Exporters, Distributors. This process allows for federal regulation and oversight of a legal Cannabis Industry.
Regulations already require the recording of the sale of Cannabis and Cannabis Products. This creates everything necessary for interstate commerce, recalls of defective product, and other necessary items on a federal level for a safe, secure and well regulated Cannabis Industry to operate.
The DEA should no longer be in charge of Cannabis Law Enforcement.  Much like the BATF is to Alcohol, Tobacco and Firearms, Cannabis needs an agency that is charged with overseeing the industry on a  federal level.  This agency should be funded by fees and taxes collected from the industry participants.  The federal agency should be required to license and regulate the Cannabis Industry that is licensed in the state in which they seek a license to operate.