JackLuis
Literotica Guru
- Joined
- Sep 21, 2008
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How Legal Weed Is Killing America’s Most Famous Marijuana Farmers
Dope Growers are now free to go broke!
Dope Growers are now free to go broke!
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Glad I got out while the getting was good.
The fact that anyone can grow his own now, hit the market harder than the Democrats. But don't you love the capitalistic action of the unseen hand of the Free Market?![]()
https://www.politico.com/magazine/s...s-regulations-227041?utm_source=pocket-newtabAn array of upfront fees and stricter regulations, combined with a lack of access to bank loans, are all reasons farmers in Humboldt and neighboring Mendocino and Trinity counties say they can’t afford to remain in the legal market. Only 2,200 farmers applied for cannabis licenses last year, according to California NORML, compared with the estimated 30,000 or more growers who existed in the Emerald Triangle pre-legalization. It’s hard to know how many of the rest are continuing to grow in the illicit market. An estimated 10 percent of growers have simply shut down. Some expect that number to rise fivefold by year’s end.
“The regulatory climate in California and the cost of all of those regulations certainly does make the prospect of a viable small farm really small,” says Trillian Schroeder, a cannabis farm consultant in Humboldt County.
https://www.politico.com/magazine/s...s-regulations-227041?utm_source=pocket-newtabThe building and planning department said her papers were in order, and all she needed was her county cannabis license in order to build. She waited eight months for that license. When it was issued, it included extra requirements for the pond, raising the cost from $20,000 to as high as $100,000. She had to scrap the pond altogether, and the lack of water meant she grew and harvested only about 10-15 percent of her annual yield, even after paying $53,000 in canopy taxes and fees.
https://www.politico.com/magazine/s...s-regulations-227041?utm_source=pocket-newtabThe California state government is not oblivious to the fact that taxes and regulations have overburdened the state’s cannabis industry. In fact, it’s suffering too.
State-wide revenue from cannabis taxes in 2018—the industry’s first year under full legalization—met only 30 percent of projections set by the state. California projected $1 billion in tax revenue, but at the end of 2018 had seen only $345 million, according to the Orange County Register.
On the local level, Humboldt County decided this year to charge its farmers the canopy taxes after the harvest rather than before growing, so farmers can pay from their revenue. And in Sacramento, a law called the “Temporary Cannabis Tax Reduction Bill” was introduced by state Rep. Rob Bonta (D-Oakland) and California State Treasurer Fiona Ma, but did not pass out of committee.
But, but the Chamber of Commerce and Wall St. said there would be a Free Market!
It is getting so that you can not trust anyone!![]()
(D) controlled California would never allow a free market.
You can trust people, you can't trust the government, absolute power corrupts absolutely.
It's not just California, but other states wanted to get in on the deal and strangled the Goose that laid the Golden Bud too.![]()