Cannabis is a sinking ship
It’s not surprising that data continues to emerge now that states have legalized the plant. What is mind-boggling is the inane choices made by each state. Cannabis is a sinking ship.
Not shocking, most people using medical marijuana are for pain. There are far more consumer dispensaries than medical ones in NYC, which means people are also coming to them for pain management. With that info, it is not shocking that the spike among boomers and seniors has surged.
What conservative states are doing, not shocking, is creating the narrative that cannabis is wellness. Saying weed is the healthiest and most life-altering medicine makes people curious and perhaps will build trust. That is how the conservative states think they can sell it to their loyal cronies.
It isn’t easy to get the word out when platforms, because the plant is not federally regulated. How do you get the word out when social platforms make it so damn hard?
In New York, Hochul has just elected a new head of the OCM, who has significant experience in running unions. Once again, not doing the research on what is needed to help grow the tax-paying business intelligently.
I have been in this business now for almost four years, and it is mind-boggling that we have gotten as far as we have. As more programs are slashed and less money is coming in from the federal government, cannabis is every state’s best bet, but still, here we are with more mind-boggling decisions coming out of Albany.
Every state is struggling, and every cannabis business is struggling to see how and when they can be profitable, if ever. The illegal markets are winning, but states and the federal government reap the benefits. This is not how new industries should be started. I can only point to the tech industry, and it was given every opportunity to build. Look at it now.
I am disgusted, saddened, frustrated, and angry at the lack of any intelligent decisions being made at the government level. At one point, the money will dry up, and people will pull out, and there won’t be a legal cannabis industry. Incompetence, unions, corruption, and stupidity reign in cannabis at the government level, and unfortunately, all of us suffer.
The ones that will suffer the most are the people that thought they got the golden ticket to have a dispensary, that the government was doing the right thing with “social” good making up for the war on drugs. Telling people that this will be the ticket to generational wealth. The entire thing is bullshit, every single one of those people will end up having to close these businesses with massive debt, and/or having drained their bank accounts and the friends who put money in. It is utterly disgusting.