Why it’s a tough time for California’s cannabis industry

The California Cannabis industry is going through it. Since 2021, the wholesale price for cannabis is down over 50%, the state has seen a significant drop in active growers, and legal establishments are still fending off competition from illegal sellers. On top of all of that, the winter weather has been unusually harsh, walloping farms in Northern California. The industry’s problems raise a lot of questions: are regulations too unwieldy? Taxes too high? Is there an oversupply of marijuana, or simply not enough stores to sell it in? Today on AirTalk, we tackle the state of the California cannabis industry with Tony Lange, associate editor at the Cannabis Business Times, Rasha Salama, Acting Director of the California Department of Cannabis Control, Virgil Grant, owner of California Cannabis, and Kyle Kazan, co-founder, chairman and CEO of Glass House Brands which has cultivation, manufacturing, brands and retail operations in California.

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