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Tempered Optimism On Cannabis Industry Future At Benzinga Chicago Conference

Tempered Optimism On Cannabis Industry Future At Benzinga Chicago Conference

9/14/22 - Green Market Report

"Another state where unlicensed operators have been a major headache for legal companies is California, where Lindsay Robinson, the executive director of the California Cannabis Industry Association, has been trying to get major reforms through the state legislature for years.

Robinson said she’s “hopeful” looking ahead to 2023, and noted a major victory this past year was the repeal of the California cannabis cultivation tax, which is expected to provide at least some relief to marijuana farmers, if not up and down the supply chain.

“California is incredibly challenging and most days are harder than they should be,” Robinson said, adding, “I’m hoping that folks start to see the light at the end of the tunnel.”

Robinson said she expects more legislative battles in 2023, since some lawmakers will likely try to increase onerous regulations on product packaging and labeling – which was proposed in a bill that her organization already fought back this year.

But she said she’s still optimistic from a national standpoint, because more and more states continue to stand up new cannabis markets, which gives a lot of the country the opportunity to “learn from the mistakes California has made,” Robinson said."

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Source : https://www.greenmarketreport.com/tempered-optimism-on-cannabis-industry-future-at-benzinga-chicago-conference/

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