cawacko
Well-known member
I know we have a number of weed smokers on this board so thought y'all might find this interesting. We know that regulating less is racist but interesting the reaction of some weed growers here over California's regulation proposals.
Too Legit? We Quit: Overregulation, taxes could sway cannabis businesses to stay illegal
Last week's release of a host of new regulations, increasing anxiety about the cost of doing business and a crackdown by federal law enforcement has many cannabis entrepreneurs rethinking entering the state's recreational market on Jan. 1.
Last week, the three state agencies that will be overseeing both the recreational and medical marijuana industries in California issued a 276-page rule book streamlining regulations for the sector.
After a few days to process some of the guidelines, several news outlet are reporting many business owners are now thinking they would rather stay in the shadows of the black market or wait until the individual jurisdictions of towns and counties in the states have sorted out legal regulation before opening their businesses to the public.
“California is a difficult state to do business in,” Amanda Reiman, vice president of community relations for marijuana distributor Flow Kana, told the Sacramento Bee. “I don’t want to understate how difficult it is is to sell marijuana in a state that over-regulates everything.”
One particular pain point? The lack of limits on farm size, something Hezekiah Allen of the California Growers Association told the Bee puts the state's smaller farms at a disadvantage as larger actors move in. Also at issue is a taxation rate that could be as high as between 40 percent to 70 percent after local, county and state regulators take their hits of sales revenue.
Another major issue? Intervention by federal law enforcement agencies, because marijuana is still illegal at the federal level.
“We fear the feds would like to make an example out of businesses in California,”Graciela Castillo-Krings, a legislative aide to Gov. Jerry Brown, reportedly said at a panel called “Tapping the New $4 Billion California Market,” the Bee reports.
You can read more about the complex rules now enacted for California cannabis businesses here. For more about why entrepreneurs might stay on the sidelines come Jan. 1, click here.
Stayed tuned for our in-depth look at what it will take to get the state's recreational cannabis industry off the ground, which will run in an upcoming print edition.
https://www.bizjournals.com/sanfran...t-we-quit-rules-taxes-calif-cannabiz.amp.html
Too Legit? We Quit: Overregulation, taxes could sway cannabis businesses to stay illegal
Last week's release of a host of new regulations, increasing anxiety about the cost of doing business and a crackdown by federal law enforcement has many cannabis entrepreneurs rethinking entering the state's recreational market on Jan. 1.
Last week, the three state agencies that will be overseeing both the recreational and medical marijuana industries in California issued a 276-page rule book streamlining regulations for the sector.
After a few days to process some of the guidelines, several news outlet are reporting many business owners are now thinking they would rather stay in the shadows of the black market or wait until the individual jurisdictions of towns and counties in the states have sorted out legal regulation before opening their businesses to the public.
“California is a difficult state to do business in,” Amanda Reiman, vice president of community relations for marijuana distributor Flow Kana, told the Sacramento Bee. “I don’t want to understate how difficult it is is to sell marijuana in a state that over-regulates everything.”
One particular pain point? The lack of limits on farm size, something Hezekiah Allen of the California Growers Association told the Bee puts the state's smaller farms at a disadvantage as larger actors move in. Also at issue is a taxation rate that could be as high as between 40 percent to 70 percent after local, county and state regulators take their hits of sales revenue.
Another major issue? Intervention by federal law enforcement agencies, because marijuana is still illegal at the federal level.
“We fear the feds would like to make an example out of businesses in California,”Graciela Castillo-Krings, a legislative aide to Gov. Jerry Brown, reportedly said at a panel called “Tapping the New $4 Billion California Market,” the Bee reports.
You can read more about the complex rules now enacted for California cannabis businesses here. For more about why entrepreneurs might stay on the sidelines come Jan. 1, click here.
Stayed tuned for our in-depth look at what it will take to get the state's recreational cannabis industry off the ground, which will run in an upcoming print edition.
https://www.bizjournals.com/sanfran...t-we-quit-rules-taxes-calif-cannabiz.amp.html
