In February, the Oregon Liquor and Cannabis Commission reported marijuana businesses were sitting on about 3 million pounds of unused cannabis, as well as 75,000 pounds of concentrates and extracts.
https://www.dailymail.co.uk/news/article-12437955/recreational-weed-industry-economics-profit.html
A drugged nation isn’t a nation that should prosper. It’s a failed nation.
When it doesnt feed your inner desire for rebelliin, it just isnt as much fun.
Legalizing recreational marijuana was never about tax revenue; it was about enabling the illicit marijuana market to thrive.
Very few banks even want to deal with marijuana dispensaries in states where weed has been legalized. The biggest problem is that marijuana is still a narcotic under Federal law, so banks run the risk of getting prosecuted for aiding and abetting a criminal enterprise.
Imagine running a business where you can’t process credit card transactions, and where you have to pay most of your expenses in cash.
The leftists pushed and pushed for this crap. First it was medicinal. Now probably 20% of homeless are psychotic because of marijuana.
The leftists pushed and pushed for this crap. First it was medicinal. Now probably 20% of homeless are psychotic because of marijuana.
Gee, what a surprise.
-PJ
Seems fine here but we’re red state pro business low tax so it’s no wonder
I predicted this once that door was opened. Just like gay marriage, look where that’s led.
Those that seek to destroy this country always promote their plan promising a bright outcome.
Brilliant!
Like who didn’t see this coming?
Who? People who refute, deny, are totally ignorant of basic laissez-faire free-market interpersonal human economic interactions who thought the WINDFALL of tax “profits” (actually, takings) could allow liberal politicians to spend themselves out of the deficit holes they spun themselves INTO.
Of course, this, as with every other item from corn to shoes to electric cars, will follow these principles IN A FREE MARKET.
Unfortunately, we’re living in the USA in a controlled economy (one Benito Mussolini would have recognized like his face in a shaving mirror) and, to keep this market from collapsing, does anyone think “the government” will bail out THIS baleful enterprise?
Doubtful. But to replace the hundreds of millions of dollars in windfall tax revenue in states which have legalized marijuana which sector of the legitimate WAGE-earning economy will be taxed again when the flow of money stops?
Class? Class? The middle class that’s right. Right after we bail out all the dope-smoking college grads who have welched on their loan obligations.
Where to get the new Rocky Mountain high:
https://weedmaps.com/dispensaries/in/united-states/colorado/denver
In NY dopers are growing their own.
Far out, man.