{"id":120748,"date":"2021-12-18T12:23:18","date_gmt":"2021-12-18T17:23:18","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=120748"},"modified":"2021-12-18T12:31:07","modified_gmt":"2021-12-18T17:31:07","slug":"cali-cannabis-crisis","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=120748","title":{"rendered":"Cali Cannabis Crisis"},"content":{"rendered":"
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Cannabis<\/figcaption><\/figure>\n

While still illegal from a Federal standpoint- the Drug Enforcement Administration (DEA) considers marijuana a Schedule 1 drug,* California was the first state to legalize medical cannabis with the passage of the Compassionate Use Act of 1996.<\/p>\n

In 2016, California voters approved the Adult Use of Marijuana Act (Proposition 64) to legalize the recreational use of cannabis. In theory, the act would reduce crime associated with the illegal production, sale, and use by making legal, taxed weed readily available.<\/p>\n

Sacramento legislators forgot to consult with privateer growers and the Mexican Drug Cartel, all of whom have been producing high grade weed in California for years.<\/p>\n

The self-same Sacramento legislators also missed the Supply and Demand relationship during Economics 101. Too baked on weed to attend that day, no doubt.<\/p>\n

Andy11M and David send, and are scheduled for a urinalysis screening.<\/p>\n

California Pot Companies Warn of Impending Industry Collapse<\/h3>\n

The current system \u201cis rigged for all to fail,\u201d they wrote.<\/em><\/p>\n

Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state\u2019s 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.<\/p>\n

The letter signed by more than two dozen executives, industry officials and legalization advocates followed years of complaints that the heavily taxed and regulated industry was unable to compete with the widespread illegal economy, where consumer prices are far lower and sales are double or triple the legal business.<\/p>\n

Four years after broad legal sales began, \u201cour industry is collapsing,\u201d said the letter, which also was sent to legislative leaders in Sacramento.<\/p>\n

The industry leaders asked for an immediate lifting of the cultivation tax placed on growers, a three-year holiday from the excise tax and an expansion of retail shops throughout much of the state.<\/p><\/blockquote>\n

NBC Los Angeles<\/a><\/p>\n

The legal retail industry can’t compete price-wise with un-taxed wildcat distributors, surprise surprise. California has experienced a similar lack of success in reducing crime associated with illegal weed production. <\/p>\n

Marijuana wars: Violent Mexican drug cartels turn Northern California into \u2018The Wild West\u2019<\/h3>\n

Beth Warren<\/strong><\/p>\n

COVELO, Calif. \u2014 Mexican drug cartels are muscling in on America’s burgeoning multi-billion-dollar marijuana industry, illegally growing large crops in the hills and valleys of Northern California.<\/p>\n

The state legalized marijuana in 2016 for adult recreational use, yet the black market continues to thrive with thousands of illegal grows. Criminal syndicates, in turn, are cashing in across the U.S. on the “green gold rush.”<\/p>\n

They’re undercutting prices of legalized products offered by permitted farmers who follow the rulegs and pay taxes.<\/p>\n

And they’re exploiting workers, robbing and shooting adversaries, poisoning wildlife and poaching water in a state fighting widespread drought and devastating wildfires.<\/p>\n

Lured by America’s push toward legalized cannabis, cartels have abandoned many decades-old marijuana farms in Mexico, moving their operations to Northern California where they can blend in seamlessly alongside legitimate grows, said Mike Sena, executive director of Northern California’s High Intensity Drug Trafficking Area task forces.<\/p>\n

“Why try to bring that bulk marijuana into the United States, when you can just grow it in the United States in remote locations like Mendocino County and then move it across the entire country?”<\/p><\/blockquote>\n

Yahoo News<\/a><\/p>\n

Government interference damaging private businesses is nothing new. One would think this is well understood and steps would be taken to ensure a safe product while mitigating the adverse impact on the providers. <\/p>\n

Instead the Drug Cartels are reaping the profits while those playing by the rules suffer. Let’s Go, California!<\/p>\n

Thanks, gentlemen.<\/p>\n