When you live in multiple states throughout your lifetime, you’re privy to the effects of peculiar laws, rules, and regulations in 1 versus another.
You might be charged higher taxes on energy, vehicle tags, land ownership, and gasoline just to name a few specific examples.
My home state was infamous for its strict contractor regulations which kept a lot of industries away and perpetuated labor issues and unemployment. There are environmental regulations that are pressing, but increased bureaucracy can only serve the people officially if it can do its task. When a supplier is being put off for six months to a year on whether or not they can secure a license, it could destroy their contractor 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 1 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 1 dispensary could possibly carry products from multiple growers or extraction laboratories. My state is a lot different; here all of us 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 home delivery. Our marijuana products aren’t as wonderful as a result and the market is dominated by just a handful of peculiar companies compared to a state without vertical integration in cannabis. It creates an environment where companies have to prioritize volume over quality if they want an opportunity to compete.