California pot companies warn of impending industry collapse
Associated Press
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FILE - In this Jan. 12, 2018, file photo, a bud tender prepares marijuana for a customer at Med Men a dispensary in West Hollywood, Calif. Leading California cannabis companies Friday, Dec. 17, 2021, warned Gov. Gavin Newsom that the state's legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the marketplace. (AP Photo/Richard Vogel,Ffile)FILE - In this May 19, 2018, file photo, tourists Randy Wilkie and Keya Cole from Buffalo, New York, check out the offerings of cannabis at one of the MedMen cannabis dispensaries in Los Angeles. Leading California cannabis companies Friday, Dec. 17, 2021, warned Gov. Gavin Newsom that the state's legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the marketplace. (AP Photo/Richard Vogel, File)FILE - A mature marijuana plant flowers under artificial lights prior to harvest at Loving Kindness Farms in Los Angeles on May 8, 2020. Leading California cannabis companies Friday, Dec. 17, 2021, warned Gov. Gavin Newsom that the state's legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the marketplace. (AP Photo/Richard Vogel, File)
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FILE - In this Jan. 12, 2018, file photo, a bud tender prepares marijuana for a customer at Med Men a dispensary in West Hollywood, Calif. Leading California cannabis companies Friday, Dec. 17, 2021, warned Gov. Gavin Newsom that the state's legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the marketplace. (AP Photo/Richard Vogel,Ffile)
