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60 minutes on Legal Weed Farms/Industry in California

Posted on 10/27/19 at 7:09 pm
Posted by Oilfieldbiology
Member since Nov 2016
37589 posts
Posted on 10/27/19 at 7:09 pm
Anyone else watching this 60 minutes special on legal marijuana? It’s a wonderful example of why everyone who says legalize it and strictly regulate it is doomed to fail due to government red tape.

Apparently it’s illegal to sell weed grown in CA outside of CA, so there is a 15,000,000 lb (I think) surplus of weed
Posted by efrad
Member since Nov 2007
18651 posts
Posted on 10/27/19 at 7:10 pm to
Trump needs to remove weed from the controlled substances scheduling in 2020

Remove all federal prohibition and leave it to the states
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 10/27/19 at 7:11 pm to
Mike Tyson is investing in the business. With his business savvy moves you know it is a business poised to make history.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
26667 posts
Posted on 10/27/19 at 7:13 pm to
Red tape is a serious issue, but the true problem is that those in the industry are trying to navigate the regulations just as much as the regulators. There are very few people who actually have a working understanding of how the industry operates, and even then it’s changing on a daily basis.

Zoning, neighborhood/city meetings, the capital it takes to even get your foot in the door, not to mention dealing with the application process with the CCC, is all a nightmare. Of the hundreds trying to get in, maybe dozens will make it over the next few years.

In time, things will get more or less figured out. But those who have already broken through and opened up with a license, whether that be dispensary or cultivation, have a distinct leg up.

But legalization and regulation is good not only for the seller, but for the consumer as well. To think otherwise is idiotic.
This post was edited on 10/27/19 at 7:26 pm
Posted by EmperorGout
I hate all of you.
Member since Feb 2008
11276 posts
Posted on 10/27/19 at 7:13 pm to
quote:

It’s a wonderful example of why everyone who says legalize it and strictly regulate it is doomed to fail due to government red tape.




Legalized weed in California has been anything but a failure, judging by the dank arse clouds I walk through on a daily basis
Posted by madamsquirrel
The Snarlington Estate
Member since Jul 2009
48953 posts
Posted on 10/27/19 at 7:15 pm to
In
Posted by cgrand
HAMMOND
Member since Oct 2009
38958 posts
Posted on 10/27/19 at 7:16 pm to
quote:

Apparently it’s illegal to sell weed grown in CA outside of CA, so there is a 15,000,000 lb (I think) surplus of weed

federal delisting will solve that problem instantly. Oregon is already exporting their surplus. All those midwestern and NE states that are legalizing will have to import. Canada will need product as well
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55884 posts
Posted on 10/27/19 at 7:18 pm to
quote:

15,000,000 lb (I think) surplus of weed
i can help
Posted by momentoftruth87
Member since Oct 2013
71814 posts
Posted on 10/27/19 at 7:22 pm to
quote:

Apparently it’s illegal to sell weed grown in CA outside of CA, so there is a 15,000,000 lb (I think) surplus of weed


You mean you cant traffic illegal drugs across state lines and the federal government has laws about it?!

FWIW, that's sarcasm for OP and I'm a MMJ card holder. Illinois about to fall on its face come Jan 1st when rec is legal.

Posted by dawgfan24348
Member since Oct 2011
49345 posts
Posted on 10/27/19 at 7:23 pm to
That's why you need a national level of legalization. Right now it's all fricked up because of a little bastard known as the supremacy clause. Not to mention it's illegal in most states which makes transportation very difficult
Posted by ForeverEllisHugh
Baton Rouge
Member since Aug 2016
14873 posts
Posted on 10/27/19 at 7:33 pm to
Bottom line is there are still way too many regulations.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25875 posts
Posted on 10/27/19 at 7:46 pm to
quote:

It’s a wonderful example of why everyone who says legalize it and strictly regulate it is doomed to fail due to government red tape.


I don't think that is the case. It is a new legal industry that is still illicit on the Federal level and has varying laws from state to state. When one of the country's largest AG states with some of the best outdoor grow climates goes legal in this environment there is going to be a surplus.

Regarding regulation, there is bound to be teething issues and unintended consequences again the State vs Fed conundrum is part of it and the baning issues are far from the least of that.
Posted by 14&Counting
Eugene, OR
Member since Jul 2012
37714 posts
Posted on 10/27/19 at 8:14 pm to
quote:

It’s a wonderful example of why everyone who says legalize it and strictly regulate it is doomed to fail due to government red tape.


frick off....should be legal cross the U.S.
Posted by ScrapPack
Member since Nov 2011
3707 posts
Posted on 10/27/19 at 8:17 pm to
Murder Mountain on Netflix covers some of the troubles of the industry pretty well.
Posted by AlonsoWDC
Memphis, where it ain't Ten-a-Key
Member since Aug 2014
8778 posts
Posted on 10/27/19 at 8:41 pm to
If a state legalizes weed (which seems sensible), they should empty the jails and prisons of everyone in there on weed convictions immediately.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71537 posts
Posted on 10/27/19 at 9:56 pm to
They are not allowed to use fdic insured banks, can't claim expenses on their federal tax returns, and if literally anything crossed state lines to make the weed, interstate commerce clause kicks in. It's bullshite.
Posted by NYNolaguy1
Member since May 2011
20941 posts
Posted on 10/27/19 at 10:36 pm to
quote:

Apparently it’s illegal to sell weed grown in CA outside of CA, so there is a 15,000,000 lb (I think) surplus of weed


This sounds like a congressional problem...
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89633 posts
Posted on 10/28/19 at 6:50 am to
quote:

Apparently it’s illegal to sell weed grown in CA outside of CA


Because weed is still illegal, federally.

quote:

so there is a 15,000,000 lb (I think) surplus of weed


Market forces should adjust production to be in equilibrium with demand. Plus, California has a long history of folks growing their own for their own consumption. Despite the potential size of the market, Colorado has done a better job with "Stoner" tourism to this point.
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19576 posts
Posted on 10/28/19 at 6:51 am to

So they promoted Joe Biden and marijuana last night. Makes sense.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42555 posts
Posted on 10/28/19 at 7:11 am to
Weed is an interesting crop. Once it becomes fully legalized I think it'll end up just like craft beer. Some major players in the market and then the cast of thousands struggling to make money. Especially since any Joe blow can learn how to grow their own weed at their home
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