Predictably, the legacy market grew like gangbusters starting January 21, 2018, when the allure of legal weed shops wore off as cannabis consumers absorbed the new price tags. They quickly called their dealers, bought their bags, lit their joints, and laughed at the folly of legalization. Today, the underground market commands a whopping 75% of market share of all cannabis transactions in the state.
And yet, during a string of robberies over the recent holidays in November, there was no police protection of our facilities. Some were robbed again a day or two later with the same result. In 2016 and beyond, we have been told if we just pay those high taxes, all these benefits and more would trickle down to our community. No such thing has occurred.
These measures cost us a lot of time and money. Yet we felt this was important to build trust. We wanted to be part of the mainstream community. We wanted to give back and share the healing power of cannabis with everyone. We knew politicians had to cover their asses with something as controversial as cannabis legalization; even here in California it's the subject of passionate debate, so we made concessions. And then we made more and more concessions as the demands grew.
This will not be easy. The public does not have a great perception of the cannabis industry in California right now. But they have an even worse perception of elected officials. At least we provide good paying jobs with benefits that allow Californians to live a middle-class life with the potential to build real and lasting wealth. Our citizens know that the potential of the cannabis/hemp economy in our state has transformative potential to uplift all of us.
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The Cannabis Industry Strikes BackRecently, advocates and operatives have been collaborating on a series of actions, starting with a letter to Governor Newsom and the state legislature demanding tax reform, additional retail outlets, and a check on local control so the California cannabis industry does not continue to collapse. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alexander_Jenis Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success This plant is a miracle drug, we need to be fighting even harder than this!
Source: Forbes - 🏆 394. / 53 Read more »
The Cannabis Industry Strikes BackRecently, advocates and operatives have been collaborating on a series of actions, starting with a letter to Governor Newsom and the state legislature demanding tax reform, additional retail outlets, and a check on local control so the California cannabis industry does not continue to collapse.
Source: Forbes - 🏆 394. / 53 Read more »
What Visa’s Warning About ‘Cashless ATMs’ Means For The Cannabis IndustryVisa sent out a memo to banks that work with cannabis businesses explaining that cashless ATMs go against their rules The Senate needs to address this. Their making it illegal because it's only legal as far as the state and not the country. But the problem might be if if passes federal laws, then probably can be purchased with medicare/Medicaid. So they don't want to pay for your marijuana use.
Source: Forbes - 🏆 394. / 53 Read more »
Al Harrington-backed Village is aiming to support women- and minority-owned cannabis companiesOnly 3% of legal cannabis businesses are owned by women or minorities, but NBA veteran Al Harrington and Dan Pettigrew co-founded Village to change that Why should women get into cannabis business? What's the reason for pushing this nonsensical agenda? In the UK it's 0%. Despite being the world's biggest exporter. One licence has been granted. No one is allowed to sell it except one company, GM pharmaceuticals, a company that Philip May, the husband of former Conservative PM Theresa May just happens to be an investor in. Throw black people in jail and give white people licences for the exact same thing. America is a disgusting place.
Source: MarketWatch - 🏆 3. / 97 Read more »