SACRAMENTO — Architects of the effort to legalize pot in California made big promises to voters. But six years later, California’s legal weed industry is in disarray with flawed policies, legal loopholes…
The post Inside California’s pot legalization failures: Corporate influence, ignored warnings appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.
SACRAMENTO — Architects of the effort to legalize pot in California made big promises to voters.
But six years later, California’s legal weed industry is in disarray with flawed policies, legal loopholes and stiff regulations hampering longtime growers and sellers. Despite expectations that it would become a model for the rest of the country, the state has instead provided a cautionary tale of lofty intentions and unkept promises.
Compromises made to win political support for Proposition 64, the 2016 initiative to legalize cannabis, along with decisions made after it was approved by voters that year, unleashed a litany of problems that have undermined the state-sanctioned market.
At the root of the failure: an array of ambitious, sometimes conflicting goals.
California officials vowed to help small farmers thrive but also depended on the support of big cannabis operators backed by venture capital funding, who helped proponents of Proposition 64 raise $25 million and won a key concession after its approval. The result was a licensed recreational cannabis system that benefited large companies over smaller growers who are now being squeezed out of the market.
The state set out to simultaneously cripple illegal operators and reduce marijuana-related criminal penalties to address racial injustices imposed by the long-running “war on drugs.” Far from reducing illegal weed, those efforts instead allowed the black market to flourish after legalization with the help of organized crime operations that run massive unlicensed farms and storefront dispensaries in plain view, bringing crime and terrorizing nearby residents. [Read More @ The LA Times]
| Cannabis Business Executive – Cannabis and Marijuana industry news Read More or Shop @ https://pinkplanes.com/shop/