Inside California's Cannabis Crisis
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Small weed farms in California are facing extinction under oppressive regulations, high taxes, and a statewide collapse in cannabis prices.
LOS ANGELES (AP) — Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace.
The current system “is rigged for all to fail,” they wrote.
LOS ANGELES — Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace.