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Tuesday, April 10, 2018

California Pot Industry Crisis: Bad Guys are Winning Price War

Less than 90 days after getting the legal green light to make pot smokers’ eyes red, California’s recreational marijuana industry was already back in Sacramento begging politicians for help.

"This is an industry in crisis," Kristi Knoblich, president of the association's board and co-founder of Kiva Confections, a manufacturer of edible cannabis products,said to a panel of lawmakers at an industry gathering in March. "This is me sounding the alarm.”

What’s the problem? How could these people not make a profit selling pot? Isn’t government permission to sell marijuana like a license to print money?

Maybe the problem is the price of the license.

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6 comments:

  1. From a user's perspective, since possession of that amount is now legal (under state law only), unless they can make you produce a receipt for your purchase showing a legal seller, the legal sellers will crumble under the weight of the regulations....another industry taxed to death! Be careful of what you ask for - you might get it...and the legal right to smoke may come with the requirement to pay more for it!

    What a Bunch of F'n Morons!

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  2. Just ask N.Y. about cigs

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  3. As if no one saw this coming.

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  4. Could of told all this
    Everything the government touches is is ruined

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  5. And you can't even enter these dispensaries to buy LEGAL CBD oil unless you have a medical marijuana card.

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