Cannabis

YoshidaYui

(43,350 posts) Tue Mar 22, 2022, 10:58 PM Mar 2022

California Cannabis Businesses Fear State's Legal Industry Could Collapse

13 replies

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California Cannabis Businesses Fear State's Legal Industry Could Collapse (Original Post) YoshidaYui Mar 2022 OP

Lower the taxes questionseverything Mar 2022 #1

one suspects stuff is way overpriced compared to what an open market would charge nt msongs Mar 2022 #2

This message was self-deleted by its author Chin music Mar 2022 #3

I do think the taxes are still somewhat punitive, but -- byronius Mar 2022 #4

I am from MO, but I am with you on the taxes and even price. Gore1FL Mar 2022 #5

It's the banking part kimbutgar Mar 2022 #6

The taxes are too much tishaLA Mar 2022 #7

"The taxes are too damn high"... GReedDiamond Mar 2022 #8

Out here in the rural areas I can buy multigraincracker Mar 2022 #10

Colorado seems to be doing well Postal Grunt Mar 2022 #9

Too damn expensive. It's a weed that anyone can grow! Emile Mar 2022 #11

Lower taxes on weed and raise taxes on alcohol, problem solved! Emile Apr 2022 #12

NM Recreational pot sales - 5 mill in less than a week womanofthehills Apr 2022 #13

questionseverything

(10,588 posts)

1. Lower the taxes

Reply to YoshidaYui (Original post)

Tue Mar 22, 2022, 11:04 PM

Mar 2022

And legalize it nationwide so expenses can be deducted

msongs

(70,765 posts)

2. one suspects stuff is way overpriced compared to what an open market would charge nt

Reply to YoshidaYui (Original post)

Tue Mar 22, 2022, 11:15 PM

Mar 2022

Response to msongs (Reply #2)

Chin music This message was self-deleted by its author.

byronius

(7,688 posts)

4. I do think the taxes are still somewhat punitive, but --

Reply to YoshidaYui (Original post)

Tue Mar 22, 2022, 11:21 PM

Mar 2022

I would not resort to illegal sales again. I prefer mine tested and certified.

This particular demographic, at least, won't change.

Gore1FL

(22,287 posts)

5. I am from MO, but I am with you on the taxes and even price.

Reply to byronius (Reply #4)

Tue Mar 22, 2022, 11:26 PM

Mar 2022

I like a selection. I like to know what I am buying. Frankly, I've gotten to the point where I have favorite greenhouses/growers.

kimbutgar

(24,476 posts)

6. It's the banking part

Reply to YoshidaYui (Original post)

Tue Mar 22, 2022, 11:50 PM

Mar 2022

They have to operate on cash only. And not able to borrow of invest the money.

tishaLA

(14,560 posts)

7. The taxes are too much

Reply to YoshidaYui (Original post)

Wed Mar 23, 2022, 12:06 AM

Mar 2022

I still get a weed card so I don't get hit as badly, but people in LA get taxed around 30% without it. I can only imagine how the businesses get hammered.

I think I'll write my assemblyman about it.

GReedDiamond

(5,411 posts)

8. "The taxes are too damn high"...

Reply to YoshidaYui (Original post)

Wed Mar 23, 2022, 12:49 AM

Mar 2022

...is true.

But a base price, in many cases, of $75 for an eighth / 3.5 g is also exorbitant, IMO.

multigraincracker

(35,076 posts)

10. Out here in the rural areas I can buy

Reply to GReedDiamond (Reply #8)

Wed Mar 23, 2022, 03:13 AM

Mar 2022

super good oz for $50 to $150. Everyone has a patch in the summer and many a grow room inside. It's just to easy to grow. I think Michigan is one of the lowest taxed states for this product.

Postal Grunt

(242 posts)

9. Colorado seems to be doing well

Reply to YoshidaYui (Original post)

Wed Mar 23, 2022, 01:20 AM

Mar 2022

If you visit Colorado, you'll find that residents are pretty happy with the revenue from cannabis sales. Quite a few legal outlets have 7 gram packages at $30-45 depending on potency and local taxes. The tourists are always welcome in Colorado and it's for more than just the beer.