California’s legal marijuana industry has been a bust, falling far short of the sales projected when voters legalized it in 2016.
With the approval of Proposition 64, Californians made clear that they wanted to end the farce of criminalizing marijuana-related offenses, and they wanted to allow a legal market for recreational marijuana to operate.
Unfortunately, high taxes, a slow-moving permitting process and local government resistance has stifled the ability of the legal market to better get off the ground.
