A recent article authored by Patrick McGreevy and published by the Los Angeles Times, titled ‘One year of legal pot sales and California doesn’t have the bustling industry it expected. Here’s why’ shines a light on the negative impact complex regulations, city bans and high taxes have had on California’s legal cannabis market. The article discusses several hurdles that legal cannabis businesses have had to jump through in order to operate within the state. One such obstacle plaguing small cannabis companies is the competition from the large illicit market, which isn’t hampered by the high taxes licensed businesses must pay. “Because we are up against high taxes and the proliferation of illegal shops, it is difficult right now,” Javier Montes, owner of Wilmington pot store Delta-9 THC stated in the article. “We expected lines out of our doors, but unfortunately the underground market was already conducting commercial cannabis activity and are continuing to do so.”
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About the Los Angeles Times
The Los Angeles Times is the largest metropolitan daily newspaper in the country, with a daily readership of 1.4 million and 2.4 million on Sunday, more than 39 million unique latimes.com visitors monthly and a combined print and online local weekly audience of 4.3 million. The Pulitzer Prize-winning Times has been covering Southern California for more than 137 years. Los Angeles Times’ businesses and affiliates also include The Envelope, Hot Property, DesignLA, Times Community News, Los Angeles Times en Español and Hoy Los Angeles. The Times also owns California Community News, LLC. For more information, visit www.LATimes.com.
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