Is California’s marijuana market headed for extinction? via TheGrowthOp
There were some high hopes that California’s cannabis market would provide the rest of the nation with a stellar blueprint for how to legalize marijuana on a grand scale. But so far, the state has only proven to be the biggest failure in the stoner sector. There is even a possibility, at this juncture of the game, that the Golden State’s pot commerce is at risk of an “extinction event” if growers are not given licensing extensions.
“This bill is going to protect thousands of cannabis farmers, in particular, who did the right thing and applied for a state license after the passage of Prop. 64 but their temporary license is about to expire,” McGuire said, according to a report from the Sacramento Bee. Unfortunately, there isn’t much being done by the cannabis industry itself to prepare for the lapse. It’s is mostly business as usual.
McGuire’s bill would keep the pot sector on legal ground, as well as require state regulators to keep up with temporary licenses, because like he says, “without legal licenses, there isn’t a legal, regulated market in California.”
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