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LOS ANGELES – Nearly 150 cannabis companies in California warned Friday that they could face crushing financial losses unless the state extends a deadline imposing stringent standards for testing and the packaging of the pots.
The United Cannabis Business Association has stated that the changes would further disrupt the troubled legal market that was launched on January 1, forcing companies to close
The trade group representing cannabis companies said that there were too few laboratories to perform these tests. Retailers should destroy large quantities of unsold cannabis that do not meet the new standards.
Association President Jerred Kiloh estimates that businesses could suffer losses of nearly $ 400 million if these supplies are destroyed. compliance … will further cripple the already struggling regulated market, "said the letter in a statement.The Cannabis Control Bureau gave no indication that it would consider coming back on the deadline
"We published our emergency regulations in November, and at the time, we were very clear about the fact that there would be a six month transition period. for retailers to use their existing supply. We felt that it was a sufficient period of time to deplete stocks and adapt to California's new rules, "said Alex Traverso, spokesman for the company. In an e-mail
this pot sold after Saturday meets strict quality standards, and as retailers approached the deadline, they unloaded untested stocks at unbeatable prices.
The creation of the largest legal pot market in the country has been bumpy at best, the black market is still thriving, and the industry is complaining about taxes that can approach 50% in some areas. [19659002] Others fear that a shortage of retailers for both adult marijuana and medicinal marijuana could shut down the supply chain.
California operates under temporary regulations, while the largest city, Los Angeles, was slow to issue permits.
Changing the rules was part of the state's decision to allow the industry to function. start at the beginning of the year. The stores had six months to consume cannabis and edible products produced without strict requirements.
Any marijuana harvested this year, or sold on a Sunday, must meet quality and safety standards or be destroyed.
Emerging industry struggling to find its place.
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