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 ...
LOL
This was going to be a huge cash crop for California. Hey, Nevada couldn’t even make a profit on a bordello, so what do you expect?
Didn’t the government take over the Mustang Ranch or some brothel years go, for IRS purposes, and had to close because of typical government mismanagement?
Next thing you know fentanyl addicts will be selling black market joints outside the convenience stores.
Pot companies going up in smoke?
You got it, but I have to admit that all of the “congress is still in business” remarks are dead nuts.
“Of course, self righteous “Conservatives” LOVE that big gubmint, so long as it’s THEIR big gubmint.”
Funny how they never seem to see the irony/hypocrisy.
They don’t like taxes? Welcome to socialism!
I never heard any libertarian advocate huge taxes on marijuana and a state regulated monopoly on marijuana sales.
I always thought the plan was for everyone to grow their own.
;-)
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.”
—
We may be like hippies, man, but we’re not stupid.
I remember back in the 60s working at an auto plant in Ohio and you would have guys selling cartons of low tax Kentucky cigarettes out of their car trunks in the parking lot.
Illiterate street kids can run a pot business.
Cluster-bleep. Everybody knew taxing the crap out of pot would lead to this.
This was predictable, a price war with the drug dealers, they pay no brick & mortar costs, no taxes and they deliver.
The taxes in Chicago and Cook county are outrageous , running about 45% of cost., or something like that
Pot that was grown in mexico was urinated on before it was compressed and packaged then sent to the US
*****
They honestly cannot be that inept....can they? Oh, wait...
Mid-80s, Eugene, OR, $10 a gram was pretty common.
Folks who support legal pot come in two groups: potheads who think the pot industry will make them rich, and libertarians who think the way to destroy the pot industry is to make it legal.
I was in a quad (four students) at college and one of the guys was growing enough pot for our whole tower (several hundred students).
At most he spent an hour a day on his “garden” and charged low prices—really was just doing it as a hobby for a little extra spending money.
We loved the guy—kept us supplied with free food all year long...
I find it hilarious that the states have turned this into a bureaucratic nightmare.
Spoken like a true you have no clue what you’re talking about.
Ever took a puff? An edible? No you haven’t.
Try it once and guarantee you will ask, “So WHY exactly is this stuff illegal?”
Same think as having a drink or a glass of wine.
The whole damn illegal thing is utterly RIDICULOUS!!!
Go back to the 50s.
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