California cannabis industry sends SOS

[corbe]

California cannabis industry sends SOS

By Alicia Wallace, CNN Business
 
2 hrs ago
 
Members of California's cannabis industry are sending an SOS to the state capitol, urging leaders to make swift regulatory changes or risk the collapse of the world's largest cannabis market.

About 170 years after California's gold rush came the promise of the green rush.

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. to the state capitol, saying they're struggling to compete against black market operators who don't have to meet stringent regulations or pay taxes and fees. They're urging leaders to make swift regulatory changes or risk the collapse of their emerging industry.

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http://www.msn.com/en-us/money/markets/california-cannabis-industry-sends-sos/ar-BBXnqe1?ocid=ientp

[Wingnut]

Where is my shocked face.  I need it to post on this "Unexpected" turn of events?

[roamer_1]

Ultimately, the problem with dope is the same: Hard to stop when illegal because it grows like a weed.
Legalized it is hard to tax and hard to make profit, because it grows like a weed. Any moron can harvest the seeds out of a purchase, throw them out his window, and grow 10x what he could ever smoke.

[corbe]

   Happy that TEXAS has so far not succumbed to legalizing this $hit.  I am currently not driving.

Chris Stapleton ~ Might As Well Get Stoned


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[massadvj]

Translation: The "legit" dealers need the thugs in the legislature, to whom they have been paying a handsome vig, to muscle the black market dealers out of business.  Otherwise these dealers won't be able to overcharge for the product and thereby fund the socialist dreams of the state's political class.

[andy58-in-nh]

Whenever, and wherever government strays from its sole legitimate role as protector of personal liberty and property, it inevitably becomes an impediment to commerce, a threat to freedom, and a partner to both stupidity and criminality.

[PeteS in CA]

How can this be?!!! Legalization was going to drive the smugglers and cartels out of business!!!

   Can we get back to people admitting stupidity is stupid without first trying the stupidity and watching it F-up?      

[corbe]