California Pot Industry Crisis: Bad Guys are Winning Price War

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Title : California Pot Industry Crisis: Bad Guys are Winning Price War
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news-today.world | Less than 90 days after getting the legal green light to make pot smokers’ eyes red, California’s recreational marijuana industry was already back in Sacramento begging politicians for help.

"This is an industry in crisis," Kristi Knoblich, president of the association's board and co-founder of Kiva Confections, a manufacturer of edible cannabis products,said to a panel of lawmakers at an industry gathering in March. "This is me sounding the alarm.”

What’s the problem? How could these people not make a profit selling pot? Isn’t government permission to sell marijuana like a license to print money?

Maybe the problem is the price of the license.

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