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re: California's largest legal cannabis market is facing widespread collapse

Posted on 11/10/25 at 12:16 pm to
Posted by HenryParsons
Member since Aug 2018
1908 posts
Posted on 11/10/25 at 12:16 pm to
quote:

Today, many of these “social equity” license holders are now holding millions of dollars in debt and may not even have a functioning business to show for it.



Posted by OweO
Plaquemine, La
Member since Sep 2009
119830 posts
Posted on 11/10/25 at 12:37 pm to
They should have put a cap on the number of cannabis businesses that could open.

Just like these smoke shops around here. After the Covid lockdown, they popped up everywhere. At one time there was an area within 1 mike I passed sometimes that had 4 of them. One was in a strip mall, one across the street from the strip mall. One in a gas station. Its a gas station that has a smaller part that is rented out so one opened there and another one near a subway within the mile stretch. All 4 was operating in early 2023. Today only 2 of them are open.

That's when I started wondering if they were in business to launder money or something, because it just didn't make sense why four businesses selling the same products would open within a 1 mile stretch. All Arabs. Well, I think. I know the one in the strip mall and the one near it were Arabs, but I used to be all for legalizing marijuana, but I really don't like the smell and I hate when people smell like it. If you have been smoking it, you don't smell it, but there is an unclean smell to it.

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