Shop Talk: The chaotic state of the California cannabis business

A stew of byzantine licensing protocols, high taxes and the inability to use the banking system has hobbled California’s cannabis industry. Those issues and others have resulted in the state collecting a mere one-third of anticipated revenues from the legalization of cannabis. Several bills to mitigate these problems have been proposed by legislators, but their fate is undetermined at this stage. John Oram, CEO of NUG, joins the program to walk us through the litany of issues. (06/2019)