Legal Marijuana Growers Complain: Taxes Could Bankrupt Us
California marijuana farmers that obtained legal cultivation licenses under Proposition 64 are already complaining to the Humboldt County Supervisors that taxes could bankrupt them.
California marijuana farmers that obtained legal cultivation licenses under Proposition 64 are already complaining to the Humboldt County Supervisors that taxes could bankrupt them.
The 88 California licensed recreational marijuana stores began the New Year with price-cutting and big sales volumes.
California New Year’s Day partiers can only buy legal recreational marijuana at 44 locations across the state, as cities like Los Angeles are suffering problems setting up taxes and dealing with union infighting.
California unions are demanding that 100,000 marijuana production, packaging and distribution workers organize in anticipation of the legalization of recreational weed on January 1.
California is confident that draft regulations will be ready by the end of November to start the billion-dollar recreational marijuana tax bonanza on January 1.
Despite reports that California voters seem on the the cusp of passing an initiative in November that would make the regulated production and consumption of marijuana for recreational use legal, San Jose police just made a $6 million pot bust.
With 39 million people, and a booming 20-year-old medical marijuana trade, California politicians will soon have $1 billion a year in extra cash to spend — if the new recreational marijuana initiative passes on the November ballot.