When everyone has a "weed guy", prices tend to go down and margins compress.
High taxes and lack of resources are putting legal growers and retailers in trouble in California.
Let’s just say your neighborhood marijuana dealer isn’t likely going out of style anytime soon.
Canna Law Blog
It’s becoming clearer that nothing the state is doing is really changing the illicit market, and this offers little solace to the participants in the regulated market.
The Los Angeles City Council approved a series of recommendations Tuesday that would overhaul its plagued recreational cannabis program.
It seems that California is following the traditional path of other states with regulated cannabis markets and stepping up enforcement.
For some states, the promise of shored up budgets and funding of social programs has been realized. For others, it’s been a mixed bag.
California Raises Cannabis Business Taxes, Legal Operators Worry It Will Drive Illicit Market Growth
This move will only further oppress an already weak legal market and fuel the thriving illicit market, according to industry insiders.
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