Evidently, its's hard to make ends meet in the legal weed business in California.
California’s $100 Million Marijuana Bailout Tells You All You Need to Know about Its Government
The opening sentence tells you all you need to know.
California’s legislature recently approved a $100-million plan to boost the Golden State's struggling legal marijuana industry, which is floundering under an oppressive tax and regulatory climate.
I bet that the botleggers are doing fine.
I seem to recall a story where the fed.gov took over a brothel once-upon-a-time and failed at it. Some sy it's true, some say it ain't, but it's a story of government regulation.
And that, in a nutshell, says it all.
ReplyDeleteOnly CA could screw up selling weed.
complicated regulations lead to corruption and a black market... I bet the dispensaries who got their paperwork finished on time paid extra "fees", aka bribes...
ReplyDeleteIn a similar manner, New York State failed to make a profit running Off-Track Betting. It seems governments can't successfully compete with complex businesses, especially illegal cash cows.
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