Drudge Retort: The Other Side of the News
Monday, June 10, 2024

What once was a success story has now left a trail of failed businesses and cash-strapped entrepreneurs in its wake.


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Regulatory burdens, an oversaturated market and increasing competition from nearby states have all landed major blows, leaving other states with newer marijuana markets scrambling to avoid the same mistakes.


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"A messy assortment of factors has led to the pioneering industry's struggles. A supply glut caused weed prices to plummet in the wake of the pandemic. The spread of cheap, largely unregulated intoxicating hemp-derived products further heightened competitive pressures.

And marijuana remains federally illegal, subjecting operators to sky-high taxes and costly regulations.

"It's like the wind in our cannabis sails in Colorado has just been sucked all the way out," said Wanda James, founder of Denver dispensary Simply Pure, one of the first recreational dispensaries in the state."

#1 | Posted by Corky at 2024-06-09 02:57 PM | Reply

"And marijuana remains federally illegal, subjecting operators to sky-high taxes and costly regulations."

there lies the problem.

#2 | Posted by ichiro at 2024-06-09 04:49 PM | Reply | Newsworthy 1

" there lies the problem."

Bingo. It's like allowing the six-pack, but arresting the guy who drives the beer truck.

#3 | Posted by Danforth at 2024-06-09 05:03 PM | Reply | Newsworthy 1

This is pretty funny...

"DeSantis vetoes new proposed hemp restrictions"

He kills his own Republican Bill after getting tons of opposition that might cost him an election.

In Fl, it's not so much the Fed Laws, but the alt THC products that hurt prescribed pot sales.

And Lil' Ronnie is no less an opportunist than his Boss Donald.

#4 | Posted by Corky at 2024-06-09 05:10 PM | Reply | Newsworthy 1

Rescheduling cannabis at the federal level will be a step in the right direction, even though it won't have an impact on CO here. But this is a supply and demand issue, especially with other states legalizing both medical and recreational use. One thing is for certain, with fentanyl flooding the black market, purchasing cannabis through legal and regulated channels is an utmost imperative. And states should feel obligated to maintain a safe avenue for people to do so.

#5 | Posted by rstybeach11 at 2024-06-09 05:28 PM | Reply | Newsworthy 1

I Love my Fake Weed. They better not try to take Thca away.

#6 | Posted by Effeteposer at 2024-06-09 05:46 PM | Reply | Funny: 1

Fake Weed $10 gram, real weed $20 gram.

Fake Weed easily available at tobacco stores.

Real weed only a available from drug dealers or medical dispensaries in VA.

Both work about the same, both taste about the same. Both look about the same. Real weed smells better.

Tough choice when you're Broke.


#7 | Posted by Effeteposer at 2024-06-09 05:54 PM | Reply | Funny: 1

@#1 ... And marijuana remains federally illegal ...

US poised to ease restrictions on marijuana in historic shift, but it'll remain controlled substance (April 2024)

... The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, The Associated Press has learned, a historic shift to generations of American drug policy that could have wide ripple effects across the country.

The proposal, which still must be reviewed by the White House Office of Management and Budget, would recognize the medical uses of cannabis and acknowledge it has less potential for abuse than some of the nation's most dangerous drugs. However, it would not legalize marijuana outright for recreational use.

The agency's move, confirmed to the AP on Tuesday by five people familiar with the matter who spoke on the condition of anonymity to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency's biggest policy change in more than 50 years can take effect. ...

#8 | Posted by LampLighter at 2024-06-09 06:24 PM | Reply

Reefer Madness (1936)


#9 | Posted by LampLighter at 2024-06-09 06:26 PM | Reply | Funny: 1

Not every business succeeds. If you open the 5th pot shop on a street you're probably not going to be there next year.

#10 | Posted by qcp at 2024-06-10 11:59 AM | Reply | Newsworthy 1


Real weed is under $10/gram in Michigan.

Most legal states have artificially inflated prices to the point of ridiculousness.

#11 | Posted by DarkVader at 2024-06-10 12:26 PM | Reply

AFatPoofter gets high off of a caprese salad.

#12 | Posted by LegallyYourDead at 2024-06-11 12:59 PM | Reply

This was extremely predictable.

Colorado's weed market is slowing because as one of the first states to legalize, it relied so heavily on tourism, and the industry got overbuilt. Pre-pandemic sales of cannabis were almost 60 percent to tourists in Colorado. My grandsons father founded what at the time was the largest weed businesses in the state. He knew that this was going to happen and told me about it. His family sold the business at about the peak of the industry in 2019 for $140 million. At that time they had millions of sq ft of grow capability and 21 dispensaries.

Plus, I don't know many CO residents who actually purchase weed because we can legally grow our own and there is so much free surplus floating around. I can grow enough to last me two-three years in just a couple of plants. The only reason to visit a dispensary is for the variety of product.

The industry is culling the herd and consolidating. But it will still be around unless the Feds decide to really crack down.

#13 | Posted by Whatsleft at 2024-06-11 03:17 PM | Reply

I hesitate to post this link. But this is the business I was referring too...

Colorado's Green Solution marijuana chain bought by multi-state operator Columbia Care for $140 million

#14 | Posted by Whatsleft at 2024-06-11 03:22 PM | Reply

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