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California offers $100 million to rescue its struggling legal marijuana industry

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June 16, 2021, 04:23 PM
DaveL
California offers $100 million to rescue its struggling legal marijuana industry
It doesn't take a genius to see that private, unregulated growers can produce pot cheaper than legitimate businesses operating under byzantine regulations and paying substantial taxes for the privilege of doing so (the massive tax revenue, remember, was a big part of the sell to voters). As long as those regulations and taxes are in place the only way to make the price of legal pot comparable to illegal pot is through subsidies that offset both the regulatory cost and the tax burden, which means the industry would be a net fiscal loss to the state. If commercial pot growing is going to succeed it will have to regulated and taxed like, say, tomato or broccoli growing.
June 16, 2021, 06:06 PM
slosig
quote:
Originally posted by parabellum:
How did they manage to fuck this up? It's beyond farcical.

When working in London many years ago I was exposed to two expressions which aptly describe the CA government. The first (which the English claimed was an American expression) was “could <bleep> up a wet dream.” The British version was “couldn’t organize a piss-up in a brewery.”
June 16, 2021, 06:10 PM
RichardC
quote:
Originally posted by DaveL:
It doesn't take a genius to see that private, unregulated growers can produce pot cheaper than legitimate businesses operating under byzantine regulations and paying substantial taxes for the privilege of doing so (the massive tax revenue, remember, was a big part of the sell to voters). As long as those regulations and taxes are in place the only way to make the price of legal pot comparable to illegal pot is through subsidies that offset both the regulatory cost and the tax burden, which means the industry would be a net fiscal loss to the state. If commercial pot growing is going to succeed it will have to regulated and taxed like, say, tomato or broccoli growing.


They'll stone ya when you're tryin' to make a buck


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June 16, 2021, 06:59 PM
jljones
Hahahhahahabhanahabhabhagahahahhshsha




www.opspectraining.com

"It's a bold strategy, Cotton. Let's see if it works out for them"



June 16, 2021, 07:49 PM
wcb6092
You would probably get a lot more prison time making moonshine vs growing illegal weed. Moonshine takes money away from the Federal.gov

Alcohol Tobacco Firearms


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June 16, 2021, 08:27 PM
powermad
There's a new bill here for raising the tax by 3 times.
IIRC it's at 17% now.

It's legal to grow it for personal use and many have more than a couple of plants.
June 16, 2021, 10:56 PM
corsair
quote:
Originally posted by powermad:
It's legal to grow it for personal use and many have more than a couple of plants.

That's a policy the Spanish have. You can own I think 3-4 plants grown for personal consumption however its illegal to sell, distribute or, buy. Plenty of garden shops/nurseries have all the fertilizer, accessories and how-to information for cultivating your own bud.
June 17, 2021, 09:29 AM
RichardC
quote:
There's a pot shop across the street from my credit union in an upper-middle class area. I watched the people go in and out for about 15 minutes a few weeks ago.


They'll stone ya when you're walkin' to the door.


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June 17, 2021, 12:22 PM
HRK
home horticulture, imagine that's another big area, no taxes, no fees, no government as long as you don't sell.

Guess the number of plants depends on the number and amount of ganja you burn...