While the Golden State is preparing for the rollout of recreational legalization, it’s already having to address the issue of a California cannabis surplus.
Tag Archives: Surplus
At the end of 2015, Arizona’s five-year-old medical marijuana program had an $11.5 million surplus. State law says the program can only raise enough “sufficient to implement and administer” the medical marijuana program, so two users are suing over annual identification card fees, which are $150 per patient.
When the first recreational marijuana stores opened in Washington in July 2014, there was a consistent problem with supply—there simply was not enough. Close to eight months later the tables have turned in a drastic way.
While Colorado’s legal marijuana market continues to flourish, Washington’s market has been doing quite the opposite because its system has naturally encouraged a surplus.
The first several months of legal marijuana sales in Washington were rife with issues and chief among them was its marijuana shortage.