The CDC Identifies the Likely Culprit of Vape-Related Lung Illnesses
Marijuana might just be the fastest growing industry on the planet over the next decade, but that doesn't mean it's immune to growing pains. Over the past year, a number have (pardon the pun) cropped up.
To our north, Canada has been contending with supply issues that have kept legal supply out of the market. Regulatory agency Health Canada has been unable to review and approve cultivation, processing, and sales license applications in a timely manner. At the same time, select provinces have been slow to grant licensing approval to physical retail locations, coercing consumers to purchase from the black market.
In the United States, high tax rates have been a big problem. California, the largest cannabis market in the world by annual sales, can pass along an aggregate tax rate of up to 45%, which includes state and local taxation, an excise tax, and wholesale tax on either dried cannabis flower or cannabis leaves. Municipalities within the Golden State have also been guilty of either not approving retail locations or slow-stepping the licensing process, thereby minimizing how many dispensaries are actually in operation.
Source Fool.com
