Maine Is Getting It Right About Legal Weed While California and others struggle

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Summary

It allows a safe supply chain that prevents both diversion (product from the regulated market being sold in the illicit market) and inversion (illicit supply entering the regulated market). In comparison, California saw legal marijuana as a pure revenue opportunity and didn’t look at how to build another thriving industry. Maine is setting a thoughtful, reasonable approach to legal marijuana to support small businesses Colorado has had the most success with legalized cannabis. At the same time, regulations and taxes on cannabis cannot be so overburdensome that the legal, regulated market cannot compete–and outcompete–the unsafe, unregulated illicit market. Photo by CasarsaGuru/Getty Images Hudak and this team are taking a holistic approach to legal marijuana in the state.

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Maine is setting a thoughtful, reasonable approach to legal marijuana to support small businesses

Colorado has had the most success with legalized cannabis.  They reduced the black market, provided reasonable taxes that made products competitive for the consumer sand the capped income, so people feel they get a “deal”.  Comparatively, California has been the cookie monster of greed – creating havoc in the industry and hurting small businesses and the equity players they say they want to help.  NYC’s failed rollout has paved for the way for over 1,500 unlicensed stores run by quick-thinking entrepreneurs selling products at a premium.  ...

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