visajoe1
Well-Known Member
You couldn't' be more right. I live in CA, and despite wishing for legalization for about 20 years now, I voted no last year. I read the law and hated it. Incredible regulation and taxes. An entire state bureaucracy will be created to manage and enforce rules/laws. I predict, quality will go down, cost will stay the same but is likely to increase. The customer will pay for all that overhead. The shop has to make huge margins because they pay tax on gross, not net from city to state to federal. The second the Feds loosen regulation on banking for MMJ business, is the same second I will be investing in certain companies.all our petrochemical needs can be satisfied by this plant.
Back to moral of story, hemp. The legalization law that was passed in CA only allows for 1/10th of an acre of hemp to be grown on a property. A property owner can only use one parcel of land to be a legal hemp grower, even if they own 2, 3, or 5000 separate pieces of land. 1/10th of an acre. Nothing. Certainly nothing to support an industry...