Monday, June 21, 2021

Selling Weed

 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 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.


TechieDude said...

And that, in a nutshell, says it all.

Only CA could screw up selling weed.

Jonathan H said...

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...

Anonymous said...

In 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.