California Stakeholders Weigh in on Legislature’s $100-Million Cannabis Plan

Cannabtimes

<![CDATA[Five years after California voters approved Prop. 64’s adult-use cannabis framework, the legal market is still struggling to catch fire, in part, because of a complicated regulatory structure, licensing hurdles and a heavy tax burden.The Legislative Analyst’s Office—a nonpartisan fiscal and policy research institute for California’s Legislature—estimates that adult-use cannabis businesses operate in less than one-third of jurisdictions statewide. Los Angeles County Sheriff’s DepartmentLaw enforcement personnel eradicate cannabis plants from an illegal operation in Southern California. Meanwhile, the illicit market continues to bloom. On July 7, the Los Angeles County Sheriff’s Department announced the results of a 10-day sting operation that involved more than 400 law enforcement personnel, who seized $1.2 billion of illegal harvested cannabis and plants last month in Southern California, and arrested 131 Mexican, Chinese and Armenian cartel members. Investigators said that the operation accounted for only 40% of the illegal outdoor grows in the county, where up to four harvests per year can materialize. If those illicit grows went uninterrupted by law enforcement, Los Angeles County alone would shadow the state-legal market, which brought in $4.4 billion of retail sales in 2020. California state Assemblyman Tom Lackey, whose 36th District encompasses the bulk of identified illegal operations in the Antelope Valley, said the people who passed Prop. 64 had no intention of creating the “toxic environment,” happening in his backyard. “But here’s the reality that a lot of people don’t realize is that in California, and we’re very unique to the rest of the country on this whole cannabis issues, is that we allowed the illicit market to flourish for almost two decades, and they became very, very skilled in their delivery models and in their business operations,” he said. “And now we have international cartels that are here and they’re invading our desert for heaven’s sake. Who…

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Source : California Stakeholders Weigh in on Legislature’s 0-Million Cannabis Plan

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