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California pot companies warn of impending industry collapse

LOS ANGELES (AP) Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace. ....

United States , Erin Mellon , Los United Cannabis Business Association , Harborside Inc , Flow Kana Inc , California Cannabis Industry Association , Leading California , Gavin Newsom , National Organization , Marijuana Laws , Darren Story , Strong Agronomy , Tax Reform , Trending News ,

California pot companies warn of impending industry collapse

The current system “is rigged for all to fail,” they wrote. ....

United States , Erin Mellon , Los United Cannabis Business Association , Harborside Inc , Flow Kana Inc , California Cannabis Industry Association , Leading California , Gavin Newsom , National Organization , Marijuana Laws , Darren Story , Strong Agronomy , Ap News , California Pot Companies Warn Of Impending Industry Collapse , Cannabis News , Krhd 25 News , Kxxv 25 News , Leading California Cannabis Companies Warned Gov Gavin Newsom On Friday That The States Legal Industry Was Verge Of Collapse And Needed Immediate Tax Cuts Anda Rapid Expansion Retail Outlets To Steady Shaky Marketplace Letter Signed By More Than Two Dozen Executives , Ndustry Officials And Legalization Advocates Followed Years Of Complaints That The Heavily Taxed Regulated Industry Was Unable To Compete With Widespread Illegal Economy , Here Consumer Prices Are Far Lower And Sales Double Or Triple The Legal Business Four Years After Broad Began , Ur Industry Is Collapsing , Said The Letter , Hich Also Was Sent To Legislative Leaders In Sacramento The Industry Asked For An Immediate Lifting Of Cultivation Tax Placed On Growers , A Three Year Holiday From The Excise Tax And An Expansion Of Retail Shops Throughout Much State Its Estimated That About Two Thirds California Cities Remain Without Dispensaries , Ince Its Up To Local Governments Authorize Sales And Production The Current System Is Rigged For All Fail , Hey Wrote The Opportunity To Createa Robust Legal Market Has Been Squandered Asa Result Of Excessive Taxation ,

California's legal cannabis industry at 'breaking point'

LOS ANGELES Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace. ....

United States , Erin Mellon , Los United Cannabis Business Association , Harborside Inc , Flow Kana Inc , California Cannabis Industry Association , Leading California , Gavin Newsom , National Organization , Marijuana Laws , Darren Story , Strong Agronomy ,