Article from Reason by Zach Weissmueller & Alex Manning.
Anyone over age 21 in California can now walk into a store and pick up some marijuana. After three months of legalized recreational cannabis sales, how is the industry doing?
To learn more, we tracked one product—the Kiva chocolate bar—up the supply chain, from seed to sale.
What we found was surprising: Cannabis entrepreneurs are anxious about the future of the legal market under California’s highly regulated and highly taxed system. Under these conditions, some industry insiders expect the black market will continue to thrive.
“The situation in the market is pretty dire,” says Kristi Knoblich Palmer, COO and co-founder of KIVA, which recently had to lay off employees for the first time in its history. “That has everything to do with the cost of cannabis to the end consumer.”
Read the entire article at Reason.
Image Credit: By Henri Sivonen from Helsinki, Finland (flickr: California State Capitol) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
wpDiscuz
They are destroying California
California destroyed itself long ago!
Far better for the druggies to pay the tax than the state to charge residents for the druggies support.
POT smokers want know what happen when California drop off into the ocean.
Oh, they will be alright. They will be flying high anyway.
Oh, they will be alright. They will be flying high anyway.