Grateful Dead Legend Jerry Garcia’s Family Pulls Pot Business Out Of California Over Taxes

[Hoodat]

Grateful Dead Legend Jerry Garcia’s Family Pulls Pot Business Out Of California Over Taxes

Greg Wilson  •  Jan 31, 2023

Grateful Dead legend Jerry Garcia’s relatives are truckin’ out of California, apparently because the Golden State’s high taxes and anti-business climate are just too harsh on the family’s marijuana business.

Garcia Hand Picked, which the late guitar wizard’s family started in 2020, told SFGate.com the company just can’t make a go of it in the Golden State. An industry expert blamed high taxes, competition from the black market, and soaring crime for the decision to pull out of California.

“We’re taking a pause in California,” a spokesperson for Garcia Hand Picked parent company Holistic Industries said. “We want to ensure California consumers have the highest quality flower for the long term, so we are choosing a new local partner for cultivation, production, sales and distribution of Garcia Hand Picked in CA.”  .  .  .

https://www.dailywire.com/news/grateful-dead-legend-jerry-garcias-family-pulls-pot-business-out-of-california-over-taxes

[MajorClay]

Article never said to where they were moving.

[catfish1957]

Grateful Dead Legend Jerry Garcia’s Family Pulls Pot Business Out Of California Over Taxes

I am guessing this is one corporation that won't be moving to Texas.   

[Kamaji]

[DefiantMassRINO]

I guess The Man is harshing their buzz.

[Hoodat]

The money quote:

California, which has a 15% sales tax on marijuana, has reaped over $4 billion in tax revenue since legalizing pot. It also collects money from retail licenses, which can cost $100,000 annually, taxes on growers, and local taxes which are in addition to the state levies. But legal cannabis companies complain that the state doesn’t do enough to crack down on the black market, allowing unfair competition to flourish.

The whole argument about legalizing drugs is that it would eliminate the illegal black market while creating a windfall for government.  Yet this argument ignores basic human nature.  Why would your wildcat grower in Humboldt county start giving a cut to the State of California?  Of course black market growers and sellers are causing unfair competition for legal growers.  Because they don't have government stealing $4 billion of their profits every year.

Liberals pushed this crap.
Liberals are idiots when it comes to economics.
Liberals are in denial regarding human nature.
And now liberals are stuck with it while the rest of society suffers.

[catfish1957]

The money quote:

The whole argument about legalizing drugs is that it would eliminate the illegal black market while creating a windfall for government.  Yet this argument ignores basic human nature.  Why would your wildcat grower in Humboldt county start giving a cut to the State of California?  Of course black market growers and sellers are causing unfair competition for legal growers.  Because they don't have government stealing $4 billion of their profits every year.

Liberals pushed this crap.
Liberals are idiots when it comes to economics.
Liberals are in denial regarding human nature.
And now liberals are stuck with it while the rest of society suffers.

Can you imagine the riots in CA if they closed all the dispenceraires?   

[Fishrrman]

Catfish sez:
"Can you imagine the riots in CA if they closed all the dispenseries?"

[Smokin Joe]

The money quote:

The whole argument about legalizing drugs is that it would eliminate the illegal black market while creating a windfall for government.  Yet this argument ignores basic human nature.  Why would your wildcat grower in Humboldt county start giving a cut to the State of California?  Of course black market growers and sellers are causing unfair competition for legal growers.  Because they don't have government stealing $4 billion of their profits every year.

Liberals pushed this crap.
Liberals are idiots when it comes to economics.
Liberals are in denial regarding human nature.
And now liberals are stuck with it while the rest of society suffers.

In Colorado, the same thing happened, with black market pot keeping about 50% of the market share. The State still made a grundle, but not what they could have if compliance had been as rosy as the picture advocates painted.