California Control, Regulate and Tax Cannabis Initiative (2016)
if this passes, CA will be the largest land mass of legal MJ, in the world.
also, its predicted 1 billion in revenue is very short of private prospectors who value a legal CA market at 4-6 billion. as it its right now 3-10 are, or have held a medical card. that's a staggering %30 of the largest population in the US, spending on average more then $100 a month.
the death of HPS will be taxes, at those rates, its better to grow smaller high quality product, then super large operation would cost $2 bucks a sf a month, less + $15 an ounce, and permit/regulation cost fall on the grower based on size. the biggest one is environmental impact reviews, at the growers cost of course. I don't think a 1000 sf op pulling 275,000 watts in lights alone is gonna get a green light not in CA. we have to many grid problems already. in San Diego county its takes a lot of work to get a 100 amp sub-panel permit. I don't see this indoor in CA going well.
outdoor, CA weather is great, a few plants is ok, but a whole acre of MJ, I doubt the product would be as good as the smaller indoor grows, but I said before: legal MJ is not going to have to be great to make money. using beer as and example: micro brews are awesome, but they still sell more bud, and miller and coors lite. Vs taxes and regulation you make more money on a medium quality product then you do a high quality one.
there is a small little snip, slipped in there about veterans and prescription drugs. the government pays very low cost for meds, in return of the favor of big pharma: however "IF" you are not buying in a legal MJ CA, and are buying a prescribed medication (cannabis) we can look up and see the US government paid 1.60 per ounce since 1964.
this law prohibits sales of medications higher then what the government pays for them, I don't see it being applicable to medical cannabis: but some where in the system there is a man, who already knows how they could maybe use this on MJ. by destroying the cost, it would end all motivation to grow and sell it. handing it over to large companies how will grow crap, and sell it for high price. the black market will again be viable though.
