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California's most innovative pot companies are giving up on the legal market
SF Gate ^ | August 13, 2024 | By Lester Black

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 ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: california; cbd; hemp; marijuana; market; pot
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To: one guy in new jersey

Yep. I’m with you. My only addition is any attempt to change my mind would be a waste of time.


41 posted on 08/13/2024 9:10:32 AM PDT by Jagdgewehr (It will take blood.)
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To: Oldeconomybuyer

Leave it to Commiefornia to screw up legal marijuana.


42 posted on 08/13/2024 9:18:13 AM PDT by Delta 21 (If anyone is treasonous, it is those who call me such.)
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To: Oldeconomybuyer

No shortage of dispensaries in Fresno. Higher level, Embarc , Buds for life to name a few. Old 7-11s get converted to weed dispensaries. No one works and everybody is high . Where ever you drive you smell weed.


43 posted on 08/13/2024 9:24:16 AM PDT by pterional
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To: bgill

For my pain I use a cream that’s THC/CBD in equal quantities. Mine is 2000/2000.
Because it’s applied externally it doesn’t enter the bloodstream.
No high or buzz.
It’s expensive, but it works.


44 posted on 08/13/2024 11:04:14 AM PDT by joe fonebone (And the people said NO! The End)
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To: Fido969
Pot was supposed to solve all the state tax problems where ever it was legalized

No need for that the State lottery already solved that problem. </s>

45 posted on 08/13/2024 6:14:12 PM PDT by itsahoot (Many Republicans are secretly Democrats, no Democrats are secretly Republicans. Dan Bongino.)
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To: one guy in new jersey
Let's bring back alcohol prohibition.

That worked out swell.

46 posted on 08/14/2024 1:57:54 AM PDT by jmacusa (Liberals. Too stupid to be idiots.)
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To: BBQToadRibs2

“Most of the market is hood rats and teen/20-something wanting a cheap buzz.”

Well, here in SE WA State we have no hood rats and the customer base is split about evenly between your young cheap buzz types and gray hairs looking for medical uses. In fact, sometimes when I drive by the shop during the daytime it’s almost all gray hairs.


47 posted on 08/14/2024 2:46:25 AM PDT by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carcerem™)
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To: Rainwave

“CBD hype is a snakeoilsman scam. “

There may be some hype involved but CBD is an effective anti-spasmodic for me.


48 posted on 08/14/2024 2:50:08 AM PDT by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carcerem™)
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To: jmacusa

Hey now. That’s an essential food group. (Liquor stores sacrosanct and untouched during COVID)


49 posted on 08/14/2024 5:27:41 AM PDT by one guy in new jersey
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To: one guy in new jersey
LOL! They used to say “God made pot, man made alcohol’’.

Either way I really don't care. Not everyone who picks up a drink becomes an alcoholic and certainly not everyone who smokes pot is a ‘’pothead’’. I just know what both did to me so what ever poison someone chooses, well....such is the proclivity of human nature to, as poet Oscar Wilde put it "Curing the soul by means of the senses''. 34 years ago the gates of Hell swung open and kicked me out.
Never looked back and don't miss the stuff.

50 posted on 08/14/2024 10:28:28 AM PDT by jmacusa (Liberals. Too stupid to be idiots.)
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