California's legalization of cannabis for adult recreational use was expected to be massive. In 2016, industry investors claimed sales could top $6.5 billion by 2020. And as 2019 comes to a close, California is indeed home to the world's largest cannabis market, totaling close to $12 billion in estimated sales. But here's the rub: $8.7 billion of that is changing hands in the illicit market.Now, members of California's cannabis industry are sending an S.O.S.
California has a deeply rooted cannabis culture and legacy, and cultivation and retail operations became more sophisticated following the passage of medical cannabis laws in 1996. However, not all legacy businesses transitioned to licensed operations under the new laws.
let me guess..... more regs and higher taxes?
Local ppl that offer fair deals will be fine. If ppl wanna try to be McDonald’s of the herb game you’re gonna lose. It’s not hard to understand. Uptights will love Starbucks bud but normal ppl trust ppl they know and support that
Fantastic. Go you black market, Mexican cartel. Keep pouring this illegal drugs into your mexican land called California. Colorado, washington and Oregon ain't far behind. Best news I've heard in long time.
It’s still illegal at the federal level which trumps state law, no pun intended. So I’m curious as to what the state could actually do?
Release all in jail on marijuana charges
But But common sense drugs laws
вот вам и 'лигалайз с человеческим лицом', ешьте его с кашей теперь)))
Reality of taxes for the claimed and unclaimed 💰💰💰💰💰💰💰💰
This bud's for you.
Is heroin and cocaine legal there?
Good for the Cali cannabis industry
With 80% sales tax it’s no surprise. They just put the illegal marijuana dealers back in business.
No doubt, huge fail on the governments part
Good luck getting any help from Sacramento. GavinNewsom doesn’t give a crap about this state or its people.
Mismanagement in California? You don't say?🤣🤣
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »