The legal marijuana industry in California is allegedly “collapsing” amid the state’s regulatory regime.
In a letter to California Governor Gavin Newsom, State Senate President pro Tempore Toni Atkins, and State Assembly Speaker Anthony Rendon, a group of cannabis industry leaders wrote that “we have been pushed to a breaking point” because of the regulatory system put in place after voters in the state passed Proposition 64, which decriminalized marijuana use and cultivation for adults over the age of 21.
“Prop 64 was not passed simply to raise tax revenue, but to end the…
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