• Legal Recreational Marijuana in California began yesterday January 1, 2018; What can go wrong?

    January 2nd, 2018 by admin Categories: Blogs Tags: , , ,

    With all the basic ingredients:

    Multiple often conflicting State & local licensing, tax and regulatory hurdles…

    Multiple AND incomplete State & local IT deployments to track licensing, manufacture, distribution, and sale…

    Multiple state jurisdictional challenges with Departments of Public Health, Food & Ag and Consumer Services playing critical roles and that’s not counting local government…

    State & local taxes may be as high as 45% …

    Voluminous paperwork at State & local level to obtain a growers permit, exorbitant fees and taxes, plus onerous environment regulations…

    Growers licensing fees alone may exceed $100,000..

    Growers say there is little upside from getting a permit. If they stay out of the system, they face light punishments and avoid paying taxes, fees and the cost of meeting environmental standards…

    The state’s growers produce eight times the pot that is consumed in California so legal growers will face “painful” pressure to reduce crops under new state regulations that will ban exports…

    Thus it’s not surprising that 95% or more of the state’s 75,000 to 100,000 growers have failed to even apply for licenses.

    Oh and BTW, it’s remains a federal crime…

    And consequently, California Banks Aren’t Touching the Legal Pot Industry

    Otherwise, everything is progressing according to plan…but don’t hold your breath about S&L government reaping a billion dollars in 2018 tax revenues from legalization. The only thing worse than the plan is the implementation. Such folly. Heck-of-a-job, government…

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