2019年2月28日星期四

The Biggest Lesson from California Cannabis Legalization

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Cannabis Profits Daily
Thursday, February 28, 2019

The Cautionary Tale of Cannabis in California
By Greg Miller

To say legal cannabis sales in California have been disappointing is an understatement. The first full year of recreational legalization brought in a little over $350 million in taxes, well short of the projected $643 million.

The black market is still flourishing in the Golden State, and cannabis entrepreneurs are having a hard time getting their businesses up and running.

That's the bad news.

The good news is that I still believe there is time to right the ship, and we are starting to see that in what I like to call California 2.0.

On top of that, I believe lawmakers in other states can look to the troubles in California and learn what not to do. The perfect examples are New York and New Jersey, which I just wrote about yesterday.

If Governors Andrew Cuomo (NY-D) and Phil Murphy (NJ-D) can get this right, these could be two huge cannabis markets.

The winning playbook is out there for cannabis regulations, and politicians and lawmakers just need to be able to execute on it.

Here's what went wrong in California, and here's how lawmakers in your state can get it right...


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