California pot companies warn of impending industry collapse

The cash and illegally grown marijuana plants were seized in a drug bust by California’s Alameda County Sheriff’s Office.LOS ANGELES -- Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace.

Four years after broad legal sales began, “our industry is collapsing,” said the letter, which also was sent to legislative leaders in Sacramento. “It’s clear that the current tax construct is presenting unintended but serious challenges. Any tax-reform effort in this space will require action from two-thirds of the Legislature and the Governor is open to working with them on a solution,” Mellon said.

In a conference call with reporters, Darren Story of Strong Agronomy said tough market conditions forced him to cut loose more than half his staff. He saidthat will increase next year make it an easy choice for shoppers. With prices in the underground half of what they see on legal shelves, he said “most consumers are going to take off.”

Can this kind of company open the shares?

▶People should be able to grow the plant freely at their own private property. A lot of these money-making operations are against personal Liberty of such because they want to make all sorts of money. The governments who want to tax heavily are also a problem.◀

Total joke. They are only looking for a free handout. Part of the point of making it legal is to cut the price down to where you're not paying $250 / 1/2oz. prices and that hasn't happened anywhere that it's been legalized, which only means they're making plenty of $$ anywhere.

A war for the survival of Islam will happen, and this war will be the beginning of rise of Islam and Imam Al-Mahdi will lead this. Pakistan will save Islam in the coming future. Many of Muhammad Qasim’s dreams are already coming true. Learn more at

Only the California State Government could f*ck up selling marijuana.

Hmmm… this sounds a lot like capitalism.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Korea’s Movie Industry Warns of Collapse as COVID Restrictions Return“Spider-Man: No Way Home” has achieved pandemic-era records in its first two days in Korean cinemas. But Korean theater operators are warning of industry “collapse” as the country adopts revived an… STOP FEAR MONGERING. Ohhh nooo.
출처: Variety - 🏆 108. / 63 더 많은 것을 읽으십시오 »

Facebook Warns 50,000 Users Were Targeted By Spy-For-Hire CompaniesMeta warns of “indiscriminate” targeting of “everyday people,” as it continues its fight against the spyware industry. Fake News, Meta subscribers are in Africa. Americans are deleting FacebookGaming facebookapp verified Twitter Policy from their phones. Why download an APP that will block you. kanyewest rihanna Oprah MikeTyson BarackObama
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »

China's winter sports industry hopes Olympic Games will yield white goldChina's snow sports industry is pinning its hopes on people like Shi Haoping, 32, who takes to the slopes to de-stress from his job as head of an online education company. reuterspictures This is how fake Reuters is 🤡🤡🤡🤡🤡 reuterspictures How? reuterspictures Not while they are running concentration camps and kidnapping women that criticize the government!! Who would feel safe
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »