• OT~California's New War on the Marijuana Black Market

    From Frank Howell@21:1/5 to All on Tue Mar 1 19:32:31 2022
    A new 2022 law will punish anybody “aiding and abetting” unlicensed dealers. It will most certainly harm low-level workers.

    Lawmakers passed A.B. 1138 in September, and it was signed into law by
    Gov. Gavin Newsom in October to take effect at the start of 2022.
    California law establishing recreational marijuana already permits civil penalties against unlicensed marijuana dealers. A.B.1138 threatens civil
    fines of up to $30,000 per violation against anybody providing
    assistance to an unlicensed dealer. And each day of doing so counts as a
    new violation.

    Here's California's broken grasp of economics in a nutshell for you: Top lawmakers and government-subsidized and unionized child care workers are arguing that marijuana taxes have to stay extremely high. Lowering them
    will harm "thousands of children living in poverty and children of color
    across our state," state Senate President Pro Tempore Toni Atkins (D–San Diego) and Assembly Speaker Anthony Rendon (D–Los Angeles) wrote in a
    letter to Democratic Gov. Gavin Newsom.

    Market experts note that at least two-thirds of all marijuana sales are happening through unlicensed dealers to a tune of an estimated $8
    billion a year. Even after legalizing marijuana, the black market still dominates California.
    https://tinyurl.com/y9lq3fdv
    --
    Frank Howell

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