https://www.wsj.com/articles/marijua...sh-11570888800
tl;dr government red tape preventing the licensing of retail endpoints is creating overstock problems; there arent enough retail locations licensed to sell weed. so no sales, no revenue. a year ago, the market was worth 40bn, now its estimated at 17bn and falling. mergers are being scrapped, people cant find capital to stay in business.
im not sure if this is good or bad in the long run.. one side of the coin; it could drive out the corporate chains and the mom & pop growers can become the primary suppliers, which would be great. other side of the coin.. its possible that the exact opposite happens, where the only people who can afford to pay the legal overhead to be sellers are a handful of corporations who turn out McMarijuana on an industrial scale and all the boutique growers get shuttered, and the only weed you can buy is narcotic grade skunk named after a random fruit flavored sorbet.
although this primarily describes the canadian market, anyone who thought the US would have its shit together by now? yeah...
ny literally is no closer to legalization than it was two years ago, in fact it might be further from it because somehow the issue of reparations (seriously) for communities targeted by marijuana prosecution has become tied to the legalization narrative, as well as 'will communities be able to opt out of licensing retail endpoints'. so basically both the far left and far right have come together to make absolutely sure that their baggage sinks the entire initiative despite the entire fucking government being like 'uhhh our infrastructure is crumbling and weed sales could actually make this a better state to live in'. but yeah keep fucking with 8.82% state income tax while yall work out the kinks, see how that works out.
Originally Posted by sonatine
https://www.wsj.com/articles/marijua...sh-11570888800
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