This was taken from the Los Angeles times newspaper: After years of futile attempts by lawmakers to regulate the medical marijuana industry in Los Angeles, a ballot measure to sharply limit the number of pot dispensaries in the city was leading in early returns Tuesday. Proposition D would reduce the number of pot shops to about 130 from around 700 by allowing only those that opened before the adoption of a failed 2007 city moratorium on new dispensaries. A rival initiative, Measure F, which would have allowed an unlimited number of dispensaries to operate, was trailing. Both measures would raise taxes on medical marijuana sales 20%. I am sad..........
hopefully those "dis[ensaries" have always been paying taxes, so I don't think taxes are what's going to raise prices...what's gonna raise prices is that there won't be so many collectives, you either pay $90 an eight or drive 30-120 miles to the next one is you wanna pay $50....get it?
When a guy from Microsoft (and ironically, the great-grandson of a former Spanish hemp barron) announces that he's "Big Marijuana," the little guys get pushed out. The Fed is making way for the "proper" people and entities/corporations to financially benefit from pot. They'll pair it down to 135. And then 50. And then 10. And then...