And the time the gov't took over the Bunny Ranch for back taxes, and couldn't make a go of that either.
Put the gov't, especially west-coast liberal gov't, in charge and you're pretty much guaranteed they'll scr*w it up.
I suspect it's only LEGAL growers who are hurting. Over-regulated and overtaxed, their product is unaffordable. Stoners aren't rich, you know, so they went underground. The expensive, legal stuff rots in the warehouse...
“If you put the government in charge of the desert, in 5 years there would be a shortage of sand.”
The first time i heard that line was from a Yuri Bezmenov lecture. Potent!
~W
$1 grams on 4-20. Limit 20 grams. That’s 3/4 of an ounce of kill for $20. Legal weed.
Living in southern Oregon, and not partaking, I can tell you from people I know that the small-time unregistered growers are also losing their shirts.
When it became legal, every low IQ lazy bum in the state thought he was going to make a fortune growing 6 to 12 plants. Price when it was not legal was $1500-2000 per pound and they had dreams of that staying the same. So they spent all they could borrow on production facilities, fences, etc.
Well, surprise, it is legal and the price has dropped. No takers at $600-700 per pound. So they are not selling anything and trying to hang on until next year. I think the price will be even lower then, but their hope springs eternal.