Crescent City Times

Cannabis Heaven Soon To Be Subsidized

C
Crescent City Times
June 15, 2021 at 05:43 AM
5 years ago
By Samuel Strait, Reporter at Large – June 15, 2021 It would appear since the…
By Samuel Strait, Reporter at Large – June 15, 2021 It would appear since the voters of California, in their collective wisdom, authorized the use, growth, manufacture and distribution of Cannabis through out the Golden State in 2016 all is not well in the industry. Looks like regulation has reared its ugly head in full force to make the legal part of the cannabis business unaffordable for those engaged. While the simple solution would be to reduce regulation as well as its accompanying costs, maybe reduce the fees and taxes, no such simple solution has been offered by California's leadership. In fact State regulation with particular attention to environmental issues, increased taxing, as well as significant limits by localities on "pot" shops themselves have restored the go to source for cannabis back in the hands of the illegal. Coupled with State and local government's lack if insight as to what will improve the situation for the industry, the legislature's inevitable solution is throw money at the problem. While that does not dispel the notion that State sponsored drug dealing isn't a likely positive outcome, spending $100,000,000 of taxpayer money to support the industry is probably the worse possible idea that the legislature could have come up with. It appears that Los Angeles, which will receive a $22,000,000 slice of the pie, intends on hiring more bureaucrats to assist the "unfortunate" in the industry in an effort to make things "easier" for them to compete with the illegal activity. What complete folly is this. Our State and local bureaucrats who constructed and had the voters approve Proposition 64 had little understanding of what a "legal and well regulated cannabis market" would even look like. It is hardly surprising that an unfettered "black " market that can supply a market at reduced cost would quickly siphon much of the market potential away from the "legal and well regulated' part of the industry. The crowning blow to the legal part of this new industry is that our illustrious leadership is more concerned with their loss of revenue from the industry and the possibility of being forced to reduce regulation in order to reap the income benefit. It can only happen in the "Golden State", spending millions of dollars to support drug dealing and its related enterprises with taxpayer money in order to retain their grip on the income from what was once an illicit activity, still considered illegal by the Federal Government. Has the citizenry in California had enough of the buffoons in the legislative and executive branch to make changes? One can only hope.

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Article Details

Published June 15, 2021 at 05:43 AM
Reading Time 0 min
Category general