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Pot Industry in California on Verge of Collapse

Original Article

Posted By: Beardo, 12/19/2021 3:33:55 PM

Potheads who thought government legalization of pot would lead to heaven on earth forgot about one tiny detail: getting the government involved in anything either makes it more expensive or ruins it completely. In the case of legal pot in California, it’s both. Many pot smokers in California probably wish they were still buying from the cartels, given how expensive their marijuana has become. And with the dearth of legal pot shops in much of the state, potheads are bypassing the high taxes and spotty service in the existing stores to keep buying on the street.

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Reply 1 - Posted by: Roscoelewis 12/19/2021 3:43:39 PM (No. 1012235)
They are just whining so they can get a subsidy to afford to pay their wetback employees.
8 people like this.

Reply 2 - Posted by: snowoutlaw 12/19/2021 4:09:59 PM (No. 1012258)
In many parts of the state legal shops are very few and far between due to the local governments not permitting them. Illegal shops (unlicensed) open up all over with lots of competition between them so their prices are lower than ever. They operate for a while until they get shut down only to open somewhere else. They often aren't stores but a delivery service so there isn't really any place to shut down. What I'm trying to say is its the government's fault by not permitting the legal shops to open so the unlicensed fill the demand.
4 people like this.

Reply 3 - Posted by: Ida Lou Pino 12/19/2021 4:15:59 PM (No. 1012271)
The "War On Drugs" has been an absolute disaster for 51 years - - but - - don't worry - - the government is going to fix it - - very soon. Have you ever noticed - - that there are no potato cartels? That there's no potato black market? And there are no drive-by shootings or political corruption because of potatoes? And that whenever you go to a supermarket or grocery store - - there are lots and lots of potatoes there? And they're always pretty cheap? Hmmm - - maybe that's because potatoes are legal and untaxed. Gee - - I wonder if narcotic drugs were legal and untaxed - - there wouldn't be any drug cartels - - there wouldn't be any drive-by shootings - - there wouldn't be massive political corruption - - there would be lots of narcotic drugs available - - and they'd be pretty cheap. And - - get this - - there would be fewer narcotic drug users - - just as there are fewer liquor users after the War On Booze ended. And the great majority of Americans who don't imbibe narcotic drugs - - would no longer have to pay with their money or their lives because a handful of others do imbibe. There used to be lots of drive-by shootings when liquor was illegal - - but now there are none. Wow! Wouldn't that be something? OK - - now it's time to hear from the Prohibitionists whose nephews - - who were really good kids - - overdosed on illegal drugs.
11 people like this.

Reply 4 - Posted by: bad-hair 12/19/2021 4:16:17 PM (No. 1012272)
Dam free market. The gov could compete if they didn't have to deal with the dam taxes.
2 people like this.

Reply 5 - Posted by: DVC 12/19/2021 4:20:41 PM (No. 1012278)
Excellent. These incompetent fools running California could break and anvil, bare handed they are such idiots. Great news.
5 people like this.

Reply 6 - Posted by: Omen55 12/19/2021 4:36:42 PM (No. 1012301)
This is why in NY bookies were never concerned about Off Track Betting.
4 people like this.

Reply 7 - Posted by: seamusm 12/19/2021 4:41:30 PM (No. 1012306)
It didn't help that the legal businesses were hamstrung by the feds by being unable to use credit cards and normal banking services. Sometimes being ahead of the curve doesn't work.
4 people like this.

Reply 8 - Posted by: msts 12/19/2021 5:39:52 PM (No. 1012349)
The govt created all the other nonsensenical products indirectly. The federal government should do what it does best. Nothing. You can grow and consume whatever you want, like tomatoes. But when you want to seel it it becomes taxable. But why sell it? Just smoke it
4 people like this.

Reply 9 - Posted by: bad-hair 12/19/2021 5:55:43 PM (No. 1012362)
I realize this may be beyond the comprehension of both pot heads AND politicians but I'll try anyway. Seeds are cheap and dirt is free. Think it over.
4 people like this.

Reply 10 - Posted by: Blackbird 12/19/2021 5:58:42 PM (No. 1012364)
Who woulda thunk it?
0 people like this.

Reply 11 - Posted by: jimincalif 12/19/2021 7:08:48 PM (No. 1012422)
Leave it to progressive leftists to find a way to lose money on pot.
1 person likes this.

Reply 12 - Posted by: kono 12/19/2021 7:25:30 PM (No. 1012436)
Unless the state is trying to take it over for themselves (a pot-opoly of sorts), the market will shake out the less-viable producers.
1 person likes this.

Reply 13 - Posted by: Strike3 12/19/2021 8:48:48 PM (No. 1012499)
Pity the poor fools who built stores, hired employees and set up supplier agreements only to find that their costs are now higher than their incomes. You know what they say about things that appear too good to be true. How many old hippies are sitting in their stores and watching their pot dry up and rot away, or easing their pain by smoking it themselves.
0 people like this.

Reply 14 - Posted by: lakerman1 12/19/2021 10:29:10 PM (No. 1012557)
I am told by those who know about such things that Pennsylvania medical marijuana, legal, costs up to four times what street illegal marijuana costs. (I realize that there may be differences in quality, but still...)
1 person likes this.

Reply 15 - Posted by: Ashley Brenton 12/19/2021 10:53:52 PM (No. 1012578)
Ohio briefly toyed with a plan to "legalize" pot. But it became clear it was more about selling franchising rights and collecting license fees and taxes, not about simply decriminalizing pot cultivation, possession, and use.
0 people like this.

Reply 16 - Posted by: mifla 12/20/2021 4:28:29 AM (No. 1012740)
When the government takes on the marketplace, the marketplace usually wins.
1 person likes this.

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