California pot companies warn of impending industry collapse
Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal marijuana industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace.
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.
Four years after broad legal sales began, “our industry is collapsing,” said the letter, which also was sent to legislative leaders in Sacramento.
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. It’s estimated that about two-thirds of California cities remain without dispensaries, since it’s up to local governments to authorize sales and production.
Southern University and A&M College in Baton Rouge, Louisiana, is setting the blueprint for HBCUs to enter the legal cannabis Read more
Police in Southern California released video of the fatal incident involving Kurt Andras Reinhold, a 42-year-old homeless Black man who was Read more
The opera community is in mourning since it was announced that Antoine Hodge, a well-known singer who had performed across the Read more
Netflix's documentary series Who Killed Malcolm X argues the real killers of the famous civil rights activist got away 55 Read more
Subscribe here: http://9Soci.al/chmP50wA97J Full Episodes: https://9now.app.link/uNP4qBkmN6 | The Tiger (2009) In 2009, all-time golfing great Tiger Woods sat down with Read more
AP TELEVISION NEWS Atlanta, Georgia - 6 February 2006 1. Pullout from sign outside Ebenezer Church to crowds waiting 2. Read more
PGA Tour professional golfer John Daly shares the story of his first major win at the 1991 PGA Championship, which Read more
A California father doesn’t want his daughter to be apart of the “Black Lives Matter” lesson in her ethnic studies Read more
A California man has filed a lawsuit a Bay Area Marriott claiming he was discriminated by the manager of the Read more
A California man has been accused of killing his mother and uncle during a Zoom call. Los Angeles County District Read more
Romeo Miller says police held him at gunpoint until they realized who he was after he was pulled over near Read more
Eldrick Tont "Tiger" Woods is an American professional golfer. He is tied for first in PGA Tour wins, ranks second Read more