ST Alpha - "It's also seriously hurting the industry (that many states are relying on significantly for tax revenues). There are big costs to being an all cash" (Reading a Post)

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In response to "He's not all that interested in legalizing it federally but it's about time for it to happen. This state by state way of doing things" by Krusty

It's also seriously hurting the industry (that many states are relying on significantly for tax revenues). There are big costs to being an all cash

Posted by pmb (aka pmb) Dec 5 '23, 12:00

business and not being able to get national bank financing.

Responses:

yeah this - just from a funding perspective, let it go. big money in weed, just like in booze. -- nm - colin Dec 5, 12:06 3
- maybe. the problem in Cali since it was decriminalized is taxing it high enough to extract "big money" also means cheaper black market undercuts the - hollywood big shot Dec 5, 12:08 2
  - They have to realize there's a limit to what you can tax it or people will get it elsewhere. -- nm - Krusty Dec 5, 13:13
  - we have a healthy black market here since home grow is legal, it's fairly low risk to carry some around. -- nm - colin Dec 5, 12:17

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