When you live in more than 2 states throughout your lifetime, you’re privy to the effects of weird laws, rules, and regulations in one versus another.
You might be charged higher taxes on energy, automobile tags, land ownership, and gasoline just to name a few examples.
My home state was infamous for its strict company regulations which kept a lot of industries away and perpetuated labor troubles and unemployment. There are environmental regulations that are pressing, however increased bureaucracy can only serve the people properly if it can do its task. When a business is being put off for numerous months to a year on whether or not they can secure a license, it could simply destroy their company plans altogether. If you want to get into the nascent legal marijuana industry in the United States, you’ll be dealing with a complex array of differing rules and regulations from a single state’s legal marijuana market to another. For instance, some states have a medical marijuana market that allows for separate licenses for growers and retailers. It creates a diverse market where a single dispensary could possibly carry products from more than 2 growers or extraction laboratories. My state is a lot different; here the people I was with and I have a vertically integrated medical marijuana industry. All companies must operate from seed to sale, growing the plants, processing them, and selling them in their own retail stores or through house delivery. Our marijuana products aren’t as wonderful as a result and the market is dominated by just a handful of weird companies compared to a state without vertical integration. It creates an environment where companies have to prioritize volume over quality if they want an option to compete.