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Thread. This will be fun. Lets talk about California, the legal marijuana business, taxes, regulations, small business, big business, and why does the state hate minorities? Maybe this is the issue you need to run for President. I'm here to help #You2020
Let’s begin
Let’s begin
California takes bows as a place of aspirational immigrant small business pilgrimage
"California leads U.S. in immigrant entrepreneurship, study finds”. https://www.latimes.com/local/la-xpm-2012-jun-15-la-me-0615-immigrant-business-20120615-story.html
"California leads U.S. in immigrant entrepreneurship, study finds”. https://www.latimes.com/local/la-xpm-2012-jun-15-la-me-0615-immigrant-business-20120615-story.html
It’s largely retail businesses as that industry does not demand English proficiency, labor of relatives can be acquired cheaply and they are largely in older inner-city locations that can be rented and run cheaper - and with less large chain competition https://fee.org/articles/why-do-immigrants-own-inner-city-stores/
California has lots of good things to say about itself https://capitolweekly.net/small-businesses-key-california-economic-health/
But, there are others who may disagree... https://www.investors.com/politics/editorials/california-companies-leave-taxes/
POT: California “...poised to become the largest recreational cannabis market in the world. It’s also a great place to get a job helping marijuana growers, processors, and sellers or work in adjacent services including legal advice, marketing and security” https://www.forbes.com/sites/julieweed/2018/02/14/california-poised-to-become-largest-jobs-creator-for-marijuana/#29b41db7d831
California wow headlines
“The California Cannabis Equity Act: "persons most harmed by cannabis criminalization and poverty be offered assistance to enter the multibillion-dollar industry as entrepreneurs or as employees with high-quality, well-paying jobs. https://www.thefix.com/marijuana-equity-programs-help-people-color-access-growing-industry
“The California Cannabis Equity Act: "persons most harmed by cannabis criminalization and poverty be offered assistance to enter the multibillion-dollar industry as entrepreneurs or as employees with high-quality, well-paying jobs. https://www.thefix.com/marijuana-equity-programs-help-people-color-access-growing-industry
Headlines and political headline’rs moved on. Why does government want to hurt minorities. “Many people are still buying weed on the illicit market, thanks in part to steep markups and high taxes in legal pot shops, along with local restrictions”. https://www.investors.com/news/californias-legal-marijuana-business/
"Last week, the California State Assembly effectively killed a bill that would have paved the way for state-chartered banks to handle finances for the expanding cannabis industry" - a big issue because of the controlled nature of the product sold https://www.forbes.com/sites/nickkovacevich/2018/08/21/california-kills-a-cannabis-banking-plan/#4d3b2c2e10a6
Regulations are killers. California hurts the same people it celebrated. Whereas once the small biz owners had TV appearances, now they had none https://reason.com/2019/01/04/thanks-to-heavy-taxes-and-regulations-ca/
And so, big biz, able to shoulder the taxes and regulations, and with access to policy makers, started taking over. And so it goes /end https://www.fool.com/investing/2018/06/23/big-business-is-taking-over-californias-marijuana.aspx
epilog ...You might, or might not, be wondering "whatever happened to Colorado when they legalized pot...?"
This happened
https://www.pbs.org/newshour/show/how-colorados-marijuana-legalization-strengthened-the-drugs-black-market
/End
Epilogue. Bernie Sanders wants to do the same corporatist stunt nationwide.Don't believe me, listen to this clip...
