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- High Hopes, Harsh Reality: How Overregulation is Crushing Cannabis—And Why Other States Should Be Worried
High Hopes, Harsh Reality: How Overregulation is Crushing Cannabis—And Why Other States Should Be Worried
Gold Flora’s collapse is just the latest warning sign: Overregulation and punishing taxes are suffocating legal cannabis operators. From California to New York, the industry is in crisis.
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California’s Gold Flora was once a cannabis success story with $100M in annual revenue and 16 dispensaries. Now it’s selling off its assets under court supervision. The real culprit? A brutal cocktail of overregulation, high taxation, and policy missteps. And it’s not just California—other legal markets across the U.S. are showing the same dangerous signs.
In the dimly lit ambiance of New York City's historic movie theaters, the scent of buttered popcorn has long been the olfactory hallmark. However, as cannabis legalization sweeps across the state, a provocative question emerges: Could the future of cinema include the aroma of cannabis alongside the traditional concessions?
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In a move that seems more like a relic from the “Just Say No” era than a contemporary public health initiative, the Drug Enforcement Administration (DEA) is backing an “Anti-420 Day” campaign aimed at recruiting high school and college students to produce anti-cannabis content for Instagram.
Attendees reported a range of experiences, from profound personal insights during psychedelic sessions to reflections on the shifting landscape of cannabis discourse at the festival. The emphasis on psychedelics resonated with many, highlighting a societal shift toward exploring alternative therapies and decriminalization efforts