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Date Posted: Monday, April24, 11:29:am
Author: a Bigger clique
Subject: Re: Cannabis City
In reply to: CenHudDude 's message, "Re: Cannabis City" on Monday, April24, 11:09:am

Exactly. My reads indicate, on the national level, there's an intersting dynamic going on in the cannabis "industry" wherein there is too much competition and too little trust. I think Middletown's Mayor is hip to this and is being business and politically savvy in the immediate term and allowing the cannabis "industry" to shake itself out to see if it can establish a sustainable model that is profitable to all players....
“I think we’re already approaching the point of no return,” said an executive at a medical and adult-use cannabis company with operations in New York who requested their name be withheld because regulatory negotiations are ongoing. If lawmakers don’t contain the issue by next year, “the first set of dispensaries will have been set up to fail, and the state will either have to spend money bailing them out or we will see people turning in their licenses.”
"the issue" being illicit cannabis " “It’s eroding trust, not only from investors, but also [longtime illegal] operators” who the state should be encouraging to go mainstream, the industry insider said. “They’re not sure that the state is going to help them succeed if they make that transition.”
If the industry sours, legal operators are “going to be putting a lot of pressure — politically and otherwise — on politicians,” said Robert DiPisa, co-chair of the Cannabis Law Group at law firm Cole Schotz P.C.
“If you’re not going to play by the rules, there has to be some sort of penalty,” Martinetti said. “If we’re going to spend money on a license and pay taxes and invest money and build these businesses, then there has to be a pull — there has to be a reason … and that’s got to be the concern of being challenged by the state.”
https://www.politico.com/news/2022/11/13/california-black-market-weed-new-york-00066470
I take 'Politico' with skepticism, but this article does jibe with other sources, just search... 'cannabis dispensary business in decline'
Your point about relative "crime problems" has credence as well...
https://commonsenseinstituteco.org/crime-in-colorado-in-2022-the-data-on-colorados-increasing-crime-problem/

I'll add, and tptb are doing a great job of keeping this below the radar, the current general economic conditions are worsening exponentially. Zero interest rates caused a LOT of malinvestment. Now, its not just the absolute number regarding higher inflation and interest rates, its the rate of their change. In short time the balance mix of assets relative to risk exposure was forced to off kilter. In an effort to regain a balance, Every investment is now being weighed against a previous "no risk" 5% return. It's creating a contagion of negative feedback loops. Eventually the feedback to municipalities will be full face and frontal regardless of spin, censoring and/or creative accounting.

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