California’s Cannabis Market Crashes, Northern Counties Brace for Impact

Epoch Times ^ | 5-4-23 | Travis Gillmore

[dynachrome]

Gee, no one saw this coming.

[Paladin2]

Will the White Basement be affected?

[ClearCase_guy]

I remember crashing on my couch, man.

[Beowulf9]

I wondered when this would happen.

[Libloather]

Think I saw something where the market on the entire coast is crumbling.

[Leaning Right]

Maybe California should just raise taxes and fees on legal marijuana.
After all, that’s the liberal Democrat thing to do.

[eyeamok]

most of it now is being shipped to other states for the normal price,.

[OldWarBaby]

I guess the welfare checks and the food stamps just don’t buy as much weed as they used to?

[dynachrome]

biden will add weed $$$ to the EBT cards.

[hardspunned]

If I understand this, I’m surprised. Isn’t the state the only legal retailer? Isn’t the state collecting taxes? If those two assumptions are correct, where are the state “revenooers” burning these crops. If I set up a still here in Kentucky and start openly peddling moonshine, I doubt I could get away with it. The state turning its head to someone violating drug laws is one thing but condoning this loss of taxes, I’m shocked.

[cdcdawg]

There is so much fraud in the weed biz it’s astounding.

[dragnet2]

Not quite. They’re just growing their own and telling corrupt .gov to shove their taxes.

[dragnet2]

Not just this biz, but all biz...

There are thousands of corrupt biz owners hiring millions of illegals...Their attitude? Profits regardless of consequences.

Very corrupt.

[Bubba_Leroy]

Start with a product that any idiot can grow at home. Legalize it, but impose massive taxes on the legal sale of it. Do nothing to stop illegal streetcorner sales.

Gosh, who could have predicted a price crash?

[dragnet2]

And the people at the state and federal level who regulate all this? They’re the most corrupt on the planet. They make the cannabis biz look like the pillars of society.

[gundog]

Lots of illegal grow operations in Cali.

[caltaxed]

When they legalized Pot in California, rents jumped from $0.90-$1.00 per square foot to over $2.00 per square foot, with some buildings going for as high as $4.00.

There are plenty of empty buildings now in Northern California and it looks like more inventory is likely to come into the market soon.

[frank ballenger]

A little history lesson for the youngest FReepers....
https://www.youtube.com/watch?v=k2pXxHW1DHs

[US Navy Vet]

Bummer!

[VTenigma]

Put the government in control of the middle east pretty soon you’ll have a shortage of sand.