The pot market only works best between dealer and user.
It becomes unaffordable when you add a middle man.
Without exception government screws up every single thing it touches.
Every
Single
Thing.
L
How is Tegridy Farms working out?
My law practice focuses on insolvency - and the pot related businesses I have dealt with remind me of another dreamlike business environment - microbreweries. No realistic brakes are applied in the business formation stages - so the lessons come in the crash and burn phase. Look out below!
$17 million? who are dopes again? I get confused.
I’m sure the biggest cartel is doing just fine.
Like man they just like forgot to pay their taxes man, lay off
In the article it states several Marijuana suppliers are owed “hundreds of thousands of dollars that they will probably never get”
The business ‘acumen’ that can trust fellow pot industrialists to make good is amusing. Many of them probably drive EVs.
These items from a leading pot distributor are still around
https://www.google.com/search?q=cuisinart+pots&tbm=isch&ved=2ahUKEwiWpr25udGCAxWR1ckDHUPUBKIQ2-cCegQIABAA&oq=cuisinart+pots&gs_lcp=CgNpbWcQDDIFCAAQgAQyBQgAEIAEMgUIABCABDIGCAAQCBAeMgYIABAIEB4yBwgAEIAEEBgyBwgAEIAEEBgy
Every grifter made a fortune while investors (fools) got burned. When I say grifter I refer to the politicians who got in on the ground floor because they could make a fortune before the collapse. Illegal growers pay off and never get touched...meanwhile a huge list of known weed smokers can now be viewed and used against them somewhere down the line...people are so stupid.
The unrealistic valuations were predicated on people continuously coughing up top dollar and taxes to the legal vendors. Greed from all sides and primarily the government left these high end vendors in a difficult spot when the established distribution network, although illegal, continued to flourish due to extremely low prices relative to the legal sector. Throw in the fact that you can grow your own and the base clientele exercises their options.
Smaller dispensaries are popping up all around that attempt to sell the top end, high priced products, but they also sell lower priced but very good quality product that is competitive with the illegal market.
The tax revenues are much lower, but at least they’re getting some revenues to the government instead of going bust. A lot of learning is happening now, and it’s getting better for the consumer, just not as lucrative for the government or vendors.
I was never for legalization, but since that has passed, I’m happy that pot corporations are going bust and the gvt. is unable to reap the rewards.
This happened about the same time Snoop said he is giving up smoking weed. hmmm.
Legalizing marijuana was never about raising tax revenue. It was about allowing the illegal market, which pays kickbacks to politicians, to thrive.
Weedies want marijuana to be legal only in the sense that they can buy their pot from their dealer, straight hand-to-hand transaction, without having to worry about the popo making trouble, or the Federal Weed Administration regulating the growth, harvesting, processing, sale, and use of the product. Leftists wanting the weed vote don’t understand this.
17 million in taxes, right there is the problem!!! JEEZE!,
My generation was determined to legalize it. Then the message changed to “legalize it and tax it.” As with “tax the rich” they manage to create messages and policies that are all about more money for the government to blow.
The free market still works.
The Mexican cartels are the biggest distributers.