Cannabis companies across California say they are struggling to survive due to high taxes and illegal competition. NBC News’ Gadi Schwartz explains what’s killing their buzz.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#California #Weed #Business
California Cannabis Businesses Fear State’s Legal Industry Could Collapse
Grow your own don’t advertise it to anyone use it for personal use. With very little knowledge you can never pay taxes or fund cartel violence
Basically legalization killed the prospect of a successful canibus business. Forcing Legal sellers to turn their business into a “FRONT BUSINESS” Thus turn a good idea, into a money laundering machine… and making it illegal again! That’s the definition of Catch 22.
The cartels??? Lmfaooo honey let me tell you something, the cartel don’t gaf about our weed 😂 it ain’t got nothing to do with them.
These are the same people who get fronts and can’t pay their people back
Because they want to cut out all the farmers and make it corporate. And it will eventually all be corporate weed
Lol, wtf! It’s not true or he wouldn’t do it anymore!
They won’t lower your taxes in Cali! They have to make up for all the money loss and rebuilding, etc! Mark my words, will never happen!
YOU NEED TO TAKE YOUR BUSINESS OUT OF THE COMMUNIST REPUBLIC OF CALIFORNIA
You might mean socialist.
C’mon people! The ONLY reason weed became legal is if that the Government and major pharmaceutical corporations could get ALL the profits. And BTW, when you consider campaign “donations”, stock shares, and lobbying is big pharma and government that separate?
I do not mind paying more for marijuana if I am not going to get arrested.
In a country that calls itself a democracy where 70% of the population favors complete legalization, the only reasons for prohibition are to support privatized prisons, lawyers, more staff for prosecutors, cops, courts, and keeping organized crime in business.
Maybe everyone in California should just grow their own weed because it’s perfectly legal to do so and quit trying to become millionaires
Make it cheaper and affordable and have great deals for the market it’s not about the money but to have business run it self
To bad
Hate to say it..but I told you so 😂
What u pay for a bag 🎒 and what state survey GO!
I’d rather support my local dealer than these rich guys who had the $ to buy up all the permits
Wow the cartel, they have never gone anywhere… welcome to the jungle. Democrats.
This story is ridiculous. Where did that $11 million go? What is your overhead 95%? Seems suspiciously high even with the ridiculously high taxes which should be removed. The cartel comment is the dumbest thing ever. The barrier to entry is still extremely high which is why only wealthy people are going into the business. Also wouldn’t a cartel that sold cannabis in the legal market be legal in the legal market and thus no longer be a criminal organization? Are we just saying that some groups of people are just not allowed to profit from industry?
Marijuana and Collapse….those are two words I like to see. Get your stank out of my town. You’re driving down the house prices. lmao.
Smoking of any kind is bad for the Lungs…🤭
It is, but marijuana is significantly less bad on your lungs or health than tobacco, like, by alot.
@DIvInIty’s° Course-16〰61 im sure them folk that smoke weed everyday got good lungs.. that Marijuana smoke” dont bother them.. I bet there lungs are Healthy and pink..😆
Good Job the state of California! A lot of growers from there are in Oklahoma now. I can get lb of nice looking fire for 1200.00 now here in Dallas! Sell some, smoke some, and it makes for great barters too!
i stopped buying weed from dispensaries until california frees the ppl who built the market
Cartels Got Stronger Strain Flowers Government Just Tryina Get People To Be Spending Money Wit Lower Affect Of Product😂🤦🏾♂️🤾🏾♂️🗑
its cuz we keep voting in democrats who dont cut the taxes
YESSSSS!! Bring back the BLACK MARKET!!! 🔥✊😎🔥❤️❤️❤️❤️
😂😂😂😂😂🔥
pothead paranoia, what else is new?
Don’t feel sorry for a single person who has a store. Where I live the people who ended up with stores were actually narcs, corrupt cops, and corrupt politicians.
As far as I’m concerned they can go ahead and set up grows in Mexico and provide cannabis at a reasonable fair market price.
Should be cost no more than the price of tomatoes, roses, or any other easy to grow Garden item.
Many of the people who wanted stores spent most of the money lobbying to eliminate competition and to prohibit growing rights for the average person.
Most are a bunch of self-serving narcs, most of them so greedy they would stab their own mother in the back if they thought they could get something. I don’t have any sympathy whatsoever.
A few cool people but that might be 5 to 10%.
The rest are greedy self-serving sharks.
Their industry is unsustainable because cannabis is easier to grow than tomatoes and there’s absolutely zero reason why it should be with these Boutique prices that have absolutely zero to do with a fair market.
F yourself by paying high taxes and F yourself by consuming weed. F the greedy states and F weed too it’s bad for you
Just start growing your own cut out all these taxes
Yeah just to get a permit to grow, that alone costs $100,000 more or less…
All they should do tax weed like alcohol weed isn’t that dissimilar to alcohol. Of course they taxed them out the market they didn’t want it legalized anyway
Lol of course taxed items are more expensive then non taxed ones!
1 ) ridiculous Prices 2) all the legal weed is dry and moldy 3) illicit market has better weed and better deals !
Lower the Taxes!!!
well said by a stoner LOL
Cali is such a shi* hole… it’s all your own fault
I’m not surprised
Government is basically robbing us from doing our own trades… it’s no different from when they tried to make it illegal in the first place. It is no secret they are trying to control it. High taxes just makes people hide. But it’s like whoever made these bills already assumed and suspected that people where going to do that anyways
Good… California set it up to basically only benefit the rich and corporations. It needs to collapse and let the actual growers who have been doing this for decades take over
Government drug dealer loses money lol what a shock
Delta 8 carts BABY!!!!!!
Oregon allocated $25 million for illegal marijuana farming.
Cartels for real. Interstate-5.
Mohawk. Either spike it or don’t. That in between crAp just doesn’t look good on you dude.
Deathsticks?
This is old news. They been taxing like crazy xd
Edit: especially in cali
Thay were all cheap owners eny ways
i love to buy from the legal stores, i know its consistent quality and i can have it delivered, i also love the different products. i only spend about 50 dollars a year on marijuana products. and i dont even finish it
Too many hands want a piece of the legal market. Got to pay the taxes to the fat cat 1%. Sucking this country dry.
I suppose small business that’s why I buy from my local weed Dealer. 😂
I got some fire last week a zip for 90 from a guy I met behind a Wendy’s.
Like anything else, you either got in early and made bank or you didn’t.
So I used to live in Washington. The weed is so much cheaper and dispensaries are so much better. You can literally be in and out in 5 minutes. No waiting 10 to 15 mins.
More like whole state is going to collapse
Need to take away prop 64 and bring back prop 215 and regulate it
Im calling BS
Just lower the taxes!
And no one used common sense to see and know this was going to happen, huh no surprise to us that use a brain and think long term consequences to legalized.
Make pot illegal
Not happening. Over time, it will continuously get more & more legal.
50% taxes… this is a hungry as you can get …
Ban high taxes on marijuana
This is exactly why I am not investing in cannabis industry. It makes no sense if marijuana is legalized everywhere and once again the government is creating another version of the drug trade
Thank democrats
Just federally legalize it already. Good lord.
This is huge Biden better jump on this or it will be a huge loss as a president he could listen to the industry and see us through it without going back to a war on drugs
Liberalism= high taxes
Liberalism=destruction
Calculated Robbery smh
1) PASS A LAW
2) MAKE ALL THE MONEY
Using high taxation as a sweetener for the people against legalization was never going to last long. There are too many holes to poke in that anyway.
I can’t imagine why triple the price of illicit cannabis isn’t working…
Duh Too Much of Anything Is Bad For You
Why your local guy always has the best prices.
Welcome to capitalism people greed is the end of everything
Yup Cali weed is overpriced and disappointing
Per usual! California BLOWS
Look at these guys masked! Wtf!!!!! We haven’t had a mask mandate for a year!!!!! F CA
50% tax lol
20years ago when I was an 18yr old Idealist. California was gonna save us all. They have killed their State, in every way.
Come to Oregon.
La Motta $2 grams, $35 ounces. Oregon…where sasquatch gets his weed.
Poor potheads
It should be taxed the same as pharmaceutical drugs
A lot of them are moving out of Commiefornia.
Grow your own stuff.
Operate as a “church”
Far out Man
What increasing taxes is bad for the free market and small businesses. Wow, even a liberal state can learn (hopefully) that taxes and over regulations are bad.
Imagine if they taxed tobacco and alcohol the same way .
I’m all for legal weed but people amaze me to think that it’s the safest thing in the world. If smoke goes to your lungs and heart it’s doing damage to those organs. If it messes with your brain and gives you that high feeling than there’s consequences to that. Just pain medicine and stuff weed is just as bad. But I could give two craps if it’s legal or not but unfortunately my daughter is hooked to that stuff and won’t work and is absolutely dependent on it. She has no life and she was never like that until she started smoking. But I do realize that it has it’s benefits and not everyone will be like her and that it should be legal
Has anybody started to have panic attacks out of no where ??
Lmfao leave it to the government to ruin a product that practically sells itself.
Remember when the cops in orange county got caught robbing dispensaries
And eating pot brownies.
Pepperidge farm remembers:)
It was not legalized, it was commercialized
They have to tax the cannabis and solar panel industries out of buisness in order to subsidize Brawndo consumption, because electrolytes. 🤡
They’ll never be able to roll back legalization and-so it’s in their best interest to stop being greedy and ease up on the tax.
Because all the government wants is money in their pocket and not actually help people
Government greed killing legal weed. Lol. We already had proof that our government was more greedy than the mob with the lottery. The number runners for the mob paid 60%; our government pays back only 50% .
Proof positive of who’s the biggest crook. GOVERNMENT
Been growing my own for 35 years more or less….a gram of excellent weed costs me under 5 cents. The paper is more expensive.