Cost of MMJ Rules Could Leave CA’s Black Market Untouched

Will California’s forthcoming medical marijuana regulations eliminate the state’s cannabis black market?

Not if the costs for businesses to participate are too onerous, MMJ growers and retailers say.

The regulations will cost an estimated $20 million-$50 million to implement and maintain, according to the Press-Democrat of Santa Rosa, citing a legislative analyst’s report.

Oversight would be paid for by industry license fees, which – assuming 5,000 annual applications – would have to cost about $4,000 apiece to cover the lower end of the estimate, the newspaper reported.

Hezekiah Allen of the Emerald Growers Association told the paper that

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Cost of MMJ Rules Could Leave CA’s Black Market Untouched is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs