Posted on 08/13/2024 6:33:11 AM PDT by Oldeconomybuyer
Kim Howard has spent the past six years trying to keep her cannabis cosmetics company alive in California’s legal marijuana market, selling her cannabis-infused eye creams and skin serums at dispensaries across the state. But late last year, she finally gave up. She returned her state marijuana license and pulled her Green Bee Botanicals products from the state’s dispensaries.
That’s because she’s joined a wave of California entrepreneurs who have pivoted to the hemp industry, turning their backs on California’s embattled marijuana market in favor of the federally legal version of cannabis called hemp. Howard said pivoting to hemp has meant lower taxes, cheaper regulations and the ability to sell in 30 states across the country instead of just in California.
“Rather than the thorny obstacles we’ve had to crawl through [in California’s marijuana industry], it’s like being in a regular market,” Howard told SFGATE. “Now we’re going to be able to have an e-commerce site online and sell to every state that allows CBD.”
The exodus is sending shock waves through the industry, bleeding an already troubled marijuana market of needed businesses — and the customers who would shop there. It’s also befuddling regulators, who are unsure of what to do as intoxicating hemp products are sold outside the protection of state regulations.
(Excerpt) Read more at sfgate.com ...
Bureaucrats attempting to, restrict and guide economic behavior, social-engineer society, and of course, skim profits for government - have failed. Again.
Imagine that.
Government greed has taken over for the mafia and criminal gang greed in many areas in the supply of vices.
Next up - legalized, government-sponsored prostitution.
That’s cheap
Regular weed in most USA dispensaries is 50/eighth ounce
Cheaper in Michigan
Higher in Manhattan
From what I’ve seen
Illegal weed in TN runs 150-300 a zip depending on how close you are to a retail dealer versus a wholesaler
I’ve seen super high grade in posh places go for 500/zip
The glory days of pot fortunes are over
I’m don’t Sinaloa does the weed biz and it looks like they do serious bulk
Nobody I know what’s medium to lower high grade
People want the fancy high assay grades
It’s the same in Manhattan. The smell is everywhere, and vans with their doors open and vendors yelling “Rollups, we got rollups” roll down the curb all the time.
CBD hemp direct. They are in Las Vegas NV They have sales. Ship it right to your home.
. Next up for California - a sand shortage in the Sahara Desert
Hemp is not an intoxicant, as it contains little or no THC.
CBD oil can be very therapeutic. We use it on our dog for anxiety attacks.
“I can still hear those boneheads with the buckteeth sayin’, “Legalize it and tax the hell out of it.””
And REGULATE the crap out of it. I remember seeing a report years ago - they couldn’t believe what they’ve had to deal with...and then you have the competition.
Thank you.
I was in so much pain with my knee that I finally agreed to CBD drops and it did absolutely nothing.
What’s with that article about infused eye shadow? What a freakin’ joke.
Didn't even know it was on the ballot, but when I read the text i noticed a clause that made it legal for individuals to grow 3 or 4 plants at any given time for personal use.
I am totally opposed to pot legalization for a lot of reasons not the least of which is I don't want to be the streets with drivers who are stoned.
On the other hand, I figured that legalizing pot was a done a deal one way or another. Figured that this referendum that allowed small scale personal cultivation was the most reasonable opportunity because it undercut the government and the cartels and took the money out of biz so I voted for it as the lesser of all evils.
Of course, now we have stoned morons wreaking cars, screwing up at work and staggering around the streets but that was inevitable one way or another. The law probably made it easier to smoke pot which is not a great thing but it does seem to have undermined the government and the cartels a bit.
It is on the ballot this year in Florida. Those pushing for legalization are promising how it will be used to fund schools and police.
In other words...exactly what was promised with the lottery and legalized gambling. Which has worked out sooooo well!?!?
I’m starting to get the distinct impression that government interference in markets causes unintended consequences, perverse incentives and disharmony.
Who would have guessed that?
CBD hype is a snakeoilsman scam. Edibles can help with some medical conditions, but overall, Marijuana is just a recreational and motivation damaging drug.
CBD? Who wants that? Hypothetically, a person and their homies are going to knock off a bank, CBD is not going to get them stoned enough to pull that off.
If pot has a case for being illegal then so does booze for even more obvious reasons
I don’t use either but I’ve seen the cataclysmic downside aplenty up close including last weekend when a 48 year old friend died of liver and kidney failure
I think all legal states have driving laws on pot use
That said
Outlawing minor intoxicants seems to be futile by and large
What pushed weed was the cultural push
I have no answers
Dealing with addicts and the perils of being drunk or high has afflicted mankind since forever
I think you just do what you can and it swings back and forth dependent on public sentiment
You can buy a steak for 10 bucks or 100 bucks, which steak do you think you will enjoy more?
It’s the same thing with the weed.
There always have been, and will continue to be, different qualities of product available at different price points.
Compare and contrast a good single malt Scotch with a 40 of mad dog.
Since the heavy CBD version does actually reduce inflammation I tried it for quite a while — with a Dr’s Rx. But, after 8 or so months it quit working. I suspect ‘cause they started diluting the product.
I even tried growing my own, also legal in CaCaLand. But the dozen or so seeds I tried all died when >3 “ tall. Funny, that.
Meanwhile, potheads are dropping out of school and getting in trouble with the law.
It was, after all, the government that created the underground market in cannabis in 1937 by imposing what it thought would be a prohibitive tax. The irony is rich: the only market they’ve actually managed to tax out of existence was their own.
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