Dude, This Is Good Shit, Bet EVERYIONE Would Buy It...

Started by Solar, May 03, 2024, 07:05:54 AM

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Solar

That's the thinking of idiot lib stoners who had zero concept of how business works, let alone understand, if you actually make money, politicians will find a way to steal it.
When this whole thing was being proposed, I warned them the state would steal and tax them into oblivion, that what you consider freedom, will cost you even more in the end.
Now they're back where they were, only now weed/bud costs 20 times what it used to before the state created the illusion of freedom.
Remember the sheriff who was pulling over armored cars and confiscating millions over Interstate Commerce laws?

Former Billion-Dollar California Marijuana Company Files for Bankruptcy




"[The state] was so wrong, and now we have to readjust," Mr. Kiloh said. "The reality is, if a company that large, with this much demand in the state, can't survive, how do you expect the rest of us to?"
More retailers are expected to follow as financial opportunities in California dry up, Mr. Kiloh said.

Out-of-control regulations and high taxes are making the market "unsustainable at every level," he said. "We are taxing it higher and regulating it more than any other business I've ever seen."
The state's cannabis licensing has been backed up for years. A recent state audit also found the system had many holes that left the door open for corruption.

Mr. Kiloh has tried to get a license for retail sales since January 2018, he said, and more than 80 percent of state licenses are still provisional.
"The state isn't leading in a way that would make locals feel [they had] a pathway to success," Mr. Kiloh said. "People are just leaving."
MedMen is the latest retailer in California's troubled cannabis industry to close its doors.
On March 25, High Times Holding Co., the publisher of the recreational marijuana magazine, and other media brands, suddenly walked away from its 13 dispensaries owned in the state.

Cannabis operations in Blythe, San Bernardino, and Coalinga were permanently closed after months of failing to pay taxes, rent, and health insurance premiums, according to employees and other reports noted by CRB Monitor, an online database for the cannabis and marijuana banking industry.

https://californiainsider.com/california-news/business/former-billion-dollar-california-marijuana-company-files-for-bankruptcy-5642667?utm_medium=email&utm_source=caiwarm&utm_campaign=CAIwarm-05-02-2024&utm_content=CalNews1&est=3IEPZq2WrrmqJF7L6MDPQNR2qhT2H2HeFbhh6iKUMNDogpaND3YFv%2F26y0W1mmvuR2%2BtRPv83p0uJBI%3D
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