California pot industry faces “extinction event” thanks to government regulation

 

In California, California, regulators are about to blow up the embryonic weed industry. Some farmers will keep their licenses to grow, but most as of now will not be able to continue growing cannabis legally.

Must be nice to be on the “keep list.” A whole bunch of competition may soon be eliminated. (Or more likely just driven slightly underground.)

(From The Sacramento Bee)

McGuire said that of the more than 6,900 applications sent to the California Department of Farm and Agriculture, just four provisional licenses were issued. Just 52 full annual licenses have been issued by all California state agencies, McGuire said.

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