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I think the CA regulators wanted this industry to fail.
First they are short on inspectors for this industry, additionally they were not ready for the onslaught and had to quickly put together the regulations and license fee's for all the types of businesses:
Retailers
Distributors
Microbusinesses
Testing Laboratories
The license fees are outrageous.
For example for a Testing Lab which has to spend hundreds of thousands of dollars for testing equipment, the reagents and solvents used on that equipment, the storage requirements, security requirements, not to mention hire qualified personnel to perform the workload on these very sophisticated instruments.
Testing laboratories must obtain and maintain ISO/IEC 17025 accreditation.
All of this costs a lot of money then add on the taxes that CA mandates for these labs.
The state requires the following testing on regulated cannabis products.
(1) Cannabinoids
(2) Heavy metals - 4 heavy metals must be tested
(3) Microbial impurities
(4) Mycotoxins
(5) Residual pesticides - 66 pesticides must be tested.
(6) Residual solvents and processing chemicals; and
(7) If tested, terpenoids.
Each instrument that these lab use for testing must undergo Method Validation for each compound they are testing. That requires a huge amount of money.
The equipment is very expensive. PerkinElmer has an entire Marijuana Testing platform and those instruments are very expensive.
The regulations also state: The laboratory shall participate in a proficiency testing program provided by an organization that operates in conformance with the requirements of ISO/IEC 17043, at least once every six
months. It costs money to run proficiency testing samples.
I am aware of all of this information for cannabis testing labs due to these regulations closely mirroring medical testing labs.
Here are the CA regulations and in section § 5014. Fees. starting on page 17 you can see how expensive it is to simply hold a license to do the testing.
All of this costs a lot of money simply to open up and operate under the current regulations.
Lastly a lot of these startup labs are by folks who have never worked in a scientific or regulated industry. They are epic failures and any investor who is wowed by them are fools to invest.
Can someone tell me what the marijuana regulations in "free market" Texas are? Is it easier to open marijuana stores there compared to California due to less regulation?
Can someone tell me what the marijuana regulations in "free market" Texas are? Is it easier to open marijuana stores there compared to California due to less regulation?
Texas has no "free market" regulations, because sales of marijuana are not legal there. In my town in Oklahoma, there are around 36 medical marijuana stores, so regulations there are not highly restrictive, and it costs $2500 to get a state license to open a medical marijuana store. In other states the cost is much more.
Can someone tell me what the marijuana regulations in "free market" Texas are? Is it easier to open marijuana stores there compared to California due to less regulation?
Can someone tell me what the marijuana regulations in "free market" Texas are? Is it easier to open marijuana stores there compared to California due to less regulation?
Marijuana is still an ILLEGAL substance at the Federal level. While I am OK with the legalization of marijuana, how can States make it legal when it is still illegal at the Federal level. What about preemption? They should make it legal nationally, then I am sure Texas and other states would have a legal, regulated market.
I have a garden; what's the point? I'm not paying 300 dollars an ounce for tomatoes; why would I pay that for an ounce of marijuana? They are very similar in growing difficulty.
Marijuana is still an ILLEGAL substance at the Federal level. While I am OK with the legalization of marijuana, how can States make it legal when it is still illegal at the Federal level. What about preemption? They should make it legal nationally, then I am sure Texas and other states would have a legal, regulated market.
Yes, legalization at the national/ Federal level is what needs to happen. Very suspicious that there have been NO candidates running on this platform, since so many citizens are in a favor of it, being supportive of it would probably lead to an easy election win.
Legal marijuana in California as a business was supposed to be a no-brainer. How could it not be profitable in a liberal state pushing 40 million residents where some of the best weed in the world has been grown for decades? But nearly three years after Proposition 64, the law legalizing the adult use of the drug, was passed, California cannabis producers are not seeing the windfalls predicted. They tell Sharyn Alfonsi that regulations and a robust black market are cutting into legal pot profits.
Well, why would I buy from some big company when I can just grow the stuff myself and know it's free from whatever the corporations will put into it?
Then you also have the agencies like the FBI, CIA, DEA as well as the local police that will do anything in their power to sabotage the legalization of marijuana because they themselves make too much money with it being illegal.
We have the No. 1 economic output in America.
We have the No. 5 economic output in the world.
We are No. 1 in America in manufacturing.
Yup, nothing works.
HAHA! From industries that were there before the liberals took over. But I can guarantee, it will change the more crazy the loonie liberals get. In Florida, Georgia and Tennessee and of course, Texas, these states been seeing an increase in California businesses migrating to them because their taxes and laws are not as crazy. Even Hollywood has been moving their headquarters to Atlanta, Georgia to get away from the high taxes.
Yes, legalization at the national/ Federal level is what needs to happen. Very suspicious that there have been NO candidates running on this platform, since so many citizens are in a favor of it, being supportive of it would probably lead to an easy election win.
Actually, every dem candidate except Biden is running on legalizing it. Some even running on legalizing all drugs. Biden, however, is only in favor of legalizing it for medicinal purposes, not recreational.
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