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California pot companies warn of impending industry collapse
ktla ^ | Dec 17, 2021

Posted on 12/17/2021 1:28:37 PM PST by BenLurkin

The industry leaders asked for an immediate lifting of the cultivation tax placed on growers, a three-year holiday from the excise tax and an expansion of retail shops throughout much of the state. It’s estimated that about two-thirds of California cities remain without dispensaries, since it’s up to local governments to authorize sales and production.

Companies, executives and groups signing the letter included the California Cannabis Industry Association, the California arm of the National Organization for the Reform of Marijuana Laws, the Los Angeles-based United Cannabis Business Association, Flow Kana Inc., Harborside Inc., and CannaCraft.

In a conference call with reporters, Darren Story of Strong Agronomy said tough market conditions forced him to cut loose more than half his staff. He said taxes that will increase next year make it an easy choice for shoppers. With prices in the underground half of what they see on legal shelves, he said “most consumers are going to take off.”

The companies asked Newsom to include their proposals in his upcoming budget proposal, which will be released early next year.

(Excerpt) Read more at ktla.com ...


TOPICS: Business/Economy
KEYWORDS: california; companies; dope; drugs; industry; pot
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To: BenLurkin

As all things Leftist only failure is their success.


21 posted on 12/17/2021 1:46:57 PM PST by rockinqsranch (Dems, Libs, Socialists Call 'em what you will, they all have fairies livin' in their trees)
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To: BenLurkin

This is all bullish!$$. I heard a long time ago there’s pot in every chicken.


22 posted on 12/17/2021 1:47:34 PM PST by Equine1952
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To: BenLurkin

Government is the greediest, most corrupt/incompetent and murderous force on Earth.


23 posted on 12/17/2021 1:49:22 PM PST by E. Pluribus Unum ("Communism is not love. Communism is a hammer which we use to crush the enemy." ― Mao Zedong)
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To: Augie

RE: The government couldn’t keep a whorehouse in business.

You mean in addition to the US Capitol?

They don’t use the term Madame Speaker Pelosi for nothing. And they say “send this budget memo over to the House.”


24 posted on 12/17/2021 1:50:22 PM PST by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: BenLurkin

They actually thought weed would makes everyone rich ,LOL


25 posted on 12/17/2021 1:52:17 PM PST by butlerweave
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To: E. Pluribus Unum

RE: Government is the greediest, most corrupt/incompetent and murderous force on Earth.

////////////////////////////////////////

True.

And it has a negative side, too.

(Paraphrase of Hunter S. Thompson ——
“The music business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There’s also a negative side.”


26 posted on 12/17/2021 1:54:06 PM PST by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: Reno89519

Lol, “society.”


27 posted on 12/17/2021 1:59:47 PM PST by Trailerpark Badass (“There should be a whole lot more going on than throwing bleach,” said one woman.)
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To: BenLurkin

Drop out teens can sell weed and make good money, but leave it to politicians to screw this ip


28 posted on 12/17/2021 1:59:47 PM PST by The Louiswu (Peace to you and may God Bless you all)
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To: BenLurkin

HAHAHA. Government drug dealers doing all they can to stop the competition. Oregon just announed a relief program for “legal’ pot farmers.


29 posted on 12/17/2021 2:04:18 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: BenLurkin

Legal pot got taxed and regulated to over $5 a gram of pot.

Illegal pot took the much better legal pot strains and sells for under $15 a gram.

Only the government is dumb enough to lose money selling pot.


30 posted on 12/17/2021 2:07:38 PM PST by CodeToad (Arm up! They Have!)
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To: BenLurkin
The goal was never to be a viable industry.

The first part of the con was the state selling dispensary licenses (a piece of paper) for thousands upon thousands in order to raise millions of dollars.

The second part of the con was that these dispensaries would never be able to compete with illegal dealers. Without probable cause for law enforcement to stop motorists and pedestrians chooming along in a cloud of smoke, users can buy cheaper illegal weed.

31 posted on 12/17/2021 2:09:11 PM PST by T.B. Yoits
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To: BenLurkin
Randy & Towelie are doing well at Tegrity Farm


32 posted on 12/17/2021 2:15:03 PM PST by newfreep (“Leftism, under all of its brand names, is a severe, violent & evil mental disorder.”)
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To: Augie

Well Congress is still in business.


33 posted on 12/17/2021 2:16:06 PM PST by dforest (Freaking insane world. )
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To: Augie

Sure they can, they’ve kept Congress going for years.


34 posted on 12/17/2021 2:20:59 PM PST by McGavin999 (To shut down the border tell the administration the cartel is smuggling Ivermectin )
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To: olivia3boys

She should divorce him.


35 posted on 12/17/2021 2:21:11 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: BenLurkin

Hey man, all those libs and liberaltarians said this would bring in the golden age and solve all our problems.


36 posted on 12/17/2021 2:22:46 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: CodeToad
Could it be that there was money in illegal weed because of the risk involved?
37 posted on 12/17/2021 2:26:08 PM PST by gundog ( It was a bright cold day in April, and the clocks were striking thirteen. )
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To: GnuThere
— “Two thirds of cities remain without dispensaries”

Let's wait for the Obamas to complain of a “pot desert....” Must be white supremacy, toxic masculinity, equity problems and a touch of climate change, or in the case of an ex-president, “chump change.”

38 posted on 12/17/2021 2:27:19 PM PST by Worldtraveler once upon a time
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To: Reno89519
Let them all go out of business, get looted, and close. This is a bad Experiment that is bad for society.

In your opinion only. Get government out of it. See how quick it comes back. Of course, self righteous "Conservatives" LOVE that big gubmint, so long as it's THEIR big gubmint.

39 posted on 12/17/2021 2:41:34 PM PST by dware (Americans prefer peaceful slavery over dangerous freedom)
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To: BenLurkin
California pot companies warn of impending industry collapse

It's music to my ears!

40 posted on 12/17/2021 2:50:44 PM PST by Navy Patriot (Celebrate Decivilization)
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