California Cannabis Businesses Fear State's Legal Industry Could Collapse

[YoshidaYui]

[questionseverything]

1. Lower the taxes

And legalize it nationwide so expenses can be deducted

[msongs]

2. one suspects stuff is way overpriced compared to what an open market would charge nt

[byronius]

4. I do think the taxes are still somewhat punitive, but --

I would not resort to illegal sales again. I prefer mine tested and certified.

This particular demographic, at least, won't change.

[Gore1FL]

5. I am from MO, but I am with you on the taxes and even price.

I like a selection. I like to know what I am buying. Frankly, I've gotten to the point where I have favorite greenhouses/growers.

[kimbutgar]

6. It's the banking part

They have to operate on cash only. And not able to borrow of invest the money.

[tishaLA]

7. The taxes are too much

I still get a weed card so I don't get hit as badly, but people in LA get taxed around 30% without it. I can only imagine how the businesses get hammered.

I think I'll write my assemblyman about it.

[GReedDiamond]

8. "The taxes are too damn high"...

...is true.

But a base price, in many cases, of $75 for an eighth / 3.5 g is also exorbitant, IMO.

[multigraincracker]

10. Out here in the rural areas I can buy

super good oz for $50 to $150. Everyone has a patch in the summer and many a grow room inside. It's just to easy to grow. I think Michigan is one of the lowest taxed states for this product.

[Postal Grunt]

9. Colorado seems to be doing well

If you visit Colorado, you'll find that residents are pretty happy with the revenue from cannabis sales. Quite a few legal outlets have 7 gram packages at $30-45 depending on potency and local taxes. The tourists are always welcome in Colorado and it's for more than just the beer.

[Emile]

11. Too damn expensive. It's a weed that anyone can grow!

[Emile]

12. Lower taxes on weed and raise taxes on alcohol, problem solved!

[womanofthehills]

13. NM Recreational pot sales - 5 mill in less than a week

Stores opened April 1 st.