Interesting to learn that growers of know good quality stuff in the Santa Cruz mountains had not found expansion market for their product in spite of legalized growing and distribution and sales. There was an article in the newspaper some time back about the obstacles that they encountered. Although not about Santa Cruz growers, this article gives some insight into the lack of economic success
In Trinity County, boom-and-bust cycles are part of history. Legal cannabis promised to be an economic shot in the arm. But that expectation quickly collapsed.
lookout.co
My wife inherited a home from her parents, which has been rented to same person since before their passing (after we put them into a senior residence). He invested in marijuana business, and it has been nowhere near the success he hoped it would be, to the point that he has largely withdrawn from that market and returned to his proven business of buying properties, renovating then, then flipping them.
Despite legalization, continued federal status makes it hard for pot businesses to have conventional bank accounts for paying creditors and employees, and since a lot of cash moves about, the pirates target the movements of cash so not only is money in jeopardy but employees are endangered. The taxation of the businesses is a significant issue, as mentioned in a March 2022 article
Six Santa Cruz County cannabis businesses have shuttered over the last year.
www.goodtimes.sc
The lack of federal legal status interferes with legal pot business operators having access to financial institutions, insurance, and related services.