Legalizing marijuana

[Michael]

NV had a crunch when recreational was legalized as well, but not nearly as bad as IL. One thing that complicates everything is you can't move product over state lines. So whatever is made in Oregon has to stay there. It's frustratingly inefficient. I fully expect this time next year product and locations will be plentiful with significantly lower prices, sales, etc. It appears IL has a # of locations and a product supply problem. I also read the the staff has to be licensed, so there's a supply problem there as well. Most of this can be blamed on our government.

Never change, IL.

[Freed Roger]

It appears IL has a # of locations and a product supply problem. I also read the the staff has to be licensed, so there's a supply problem there as well. Most of this can be blamed on our government.

Never change, IL.

I have a friend who's business is advising a lot of MO cannabis investors and startups.. The hoops are tricky, and requires a lof greasing of political skids.. We still don't have medical marijuana dispensaries after a year +. It seems the experience of other states should help, but the different political situations probably disable the boilerplate approach.

Additonal hurdles -the people with state level expertise in production have been illegal for so long. The path to making themselves legal isnt easy (Netflix docuseries Murder Mountain an extreme example) . And having clean legal money to invest. Financing is tough, banks may not want to touch. Taxation an issue -since federally it is still a drug, only the Cost of the Goods sold are deductible - and business expenses tend to be not deducible. (Need to bury costs in production)

Come to think of it, the within the state requirements, and the taxation thing with deductions, I suspect almost every seller has to be a producer. I could be wrong though.

[stlouie_lipp]

NV had a crunch when recreational was legalized as well, but not nearly as bad as IL. One thing that complicates everything is you can't move product over state lines. So whatever is made in Oregon has to stay there. It's frustratingly inefficient. I fully expect this time next year product and locations will be plentiful with significantly lower prices, sales, etc. It appears IL has a # of locations and a product supply problem. I also read the the staff has to be licensed, so there's a supply problem there as well. Most of this can be blamed on our government.

Never change, IL.

Yup. Dispensaries are only allowed to buy product that was grown in Illinois. Licenses for new cultivators, dispensaries and processing plants only went into affect on Jan 1. Going to take several months for the newly licensed providers to grow, harvest, process and ship new product.

[G. Keenan]

NV had a crunch when recreational was legalized as well, but not nearly as bad as IL. One thing that complicates everything is you can't move product over state lines. So whatever is made in Oregon has to stay there. It's frustratingly inefficient. I fully expect this time next year product and locations will be plentiful with significantly lower prices, sales, etc. It appears IL has a # of locations and a product supply problem. I also read the the staff has to be licensed, so there's a supply problem there as well. Most of this can be blamed on our government.

Never change, IL.

Yup. Dispensaries are only allowed to buy product that was grown in Illinois. Licenses for new cultivators, dispensaries and processing plants only went into affect on Jan 1. Going to take several months for the newly licensed providers to grow, harvest, process and ship new product.

IL is being deliberately slow in increasing the number of dispensaries and grow operations. The new law has a major component of trying to redress the inequities of the war on drugs' lopsided toll on communities of color. They are trying to avoid a scenario in which the market becomes immediately saturated with only well capitalized white-owned cannabis businesses.

They are trying to go slow to give minority owned businesses a better chance of getting into the game.

Twitter thread about it:

[thrill]

NV had a crunch when recreational was legalized as well, but not nearly as bad as IL. One thing that complicates everything is you can't move product over state lines. So whatever is made in Oregon has to stay there. It's frustratingly inefficient. I fully expect this time next year product and locations will be plentiful with significantly lower prices, sales, etc. It appears IL has a # of locations and a product supply problem. I also read the the staff has to be licensed, so there's a supply problem there as well. Most of this can be blamed on our government.

Never change, IL.

Yup. Dispensaries are only allowed to buy product that was grown in Illinois. Licenses for new cultivators, dispensaries and processing plants only went into affect on Jan 1. Going to take several months for the newly licensed providers to grow, harvest, process and ship new product.

IL is being deliberately slow in increasing the number of dispensaries and grow operations. The new law has a major component of trying to redress the inequities of the war on drugs' lopsided toll on communities of color. They are trying to avoid a scenario in which the market becomes immediately saturated with only well capitalized white-owned cannabis businesses.

They are trying to go slow to give minority owned businesses a better chance of getting into the game.

And surprise, they are failing.
https://www.usatoday.com/story/news/nat ... 366180002/

[33anda3rd]

It's day six. And one of those days was a state holiday. And two were a weekend. Maybe we give it some time, take Pritzker who has done nothing but awesome things since taking office at his word and give him more noose than some BS internet outrage at this point.

[thrill]

So we should trust the state of Illinois' political process and ignore minority voices of dissent? So business as usual? 10-4.

[G. Keenan]

NV had a crunch when recreational was legalized as well, but not nearly as bad as IL. One thing that complicates everything is you can't move product over state lines. So whatever is made in Oregon has to stay there. It's frustratingly inefficient. I fully expect this time next year product and locations will be plentiful with significantly lower prices, sales, etc. It appears IL has a # of locations and a product supply problem. I also read the the staff has to be licensed, so there's a supply problem there as well. Most of this can be blamed on our government.

Never change, IL.

Yup. Dispensaries are only allowed to buy product that was grown in Illinois. Licenses for new cultivators, dispensaries and processing plants only went into affect on Jan 1. Going to take several months for the newly licensed providers to grow, harvest, process and ship new product.

IL is being deliberately slow in increasing the number of dispensaries and grow operations. The new law has a major component of trying to redress the inequities of the war on drugs' lopsided toll on communities of color. They are trying to avoid a scenario in which the market becomes immediately saturated with only well capitalized white-owned cannabis businesses.

They are trying to go slow to give minority owned businesses a better chance of getting into the game.

And surprise, they are failing.
https://www.usatoday.com/story/news/nat ... 366180002/

Too early to say that, really. The dispensaries selling recreational in Chicago are all pre-existing medical dispensaries that were, surprise, already owned by white guys. Does anyone think Chicago is going to top out at 25 dispensaries 5 years from now? How many does Denver alone have, like 200? There's gonna be hundreds throughout the state as things expand. Still time for this to not turn into a white wash. Not saying it ultimately won't be a majority white owned industry when it's all said and done, but the go slow approach is the best chance at avoiding that.

[G. Keenan]

So we should trust the state of Illinois' political process and ignore minority voices of dissent? So business as usual? 10-4.

Their voices weren't ignored. The Black Caucaus motion to delay the Jan. 1 opening failed 29 -19 in Chicago city council and didn't even have the support of all the black city member councils, nor the black lesbian mayor.

[33anda3rd]

Most state assembly members from Chicago are black, Latinx, another shade of brown, or female. As goes Chicago, so goes the state. We have legal weed and expungement because of Chicago. We have tax revenue on the sticky icky because Chicago, where all the people are, will drive it. There's no way all those non-white state assemblymen and -women are going to allow the process in this day and age to exclude non-white people.