California Just Destroyed Its Own Holy Grail – High Taxes Bring Major ‘Legal’ Industry to Its Knees

The Left keeps claiming they know how to run our states better than anyone else. However, We the People know full well their hyperbolic talk is bullsh*t.

This from thepatriotjournal.com.

If this were true, hundreds of thousands of people—over 113,000 from just Illinois in 2021 and the departures are accelerating—from all blue states would not be relocating to red states.

And why are there so many homeless shanty towns crowding the streets of radical liberal-run cities? Not to mention the numbers of people being stabbed and otherwise accosted in “safe” neighborhoods.

But what is really hilarious: Leftist states cannot even keep their own pet liberal industries alive. One major blue state trumpeted when it legalized recreational marijuana.

They claimed red states were “backwards” for refusing to legalize the drug. And, unsurprisingly, the tyrannically run state has strangled the industry to death.

From Breitbart:

Heavy regulations, high taxes, and oversupply are causing the legal marijuana industry in California to contract rapidly, with the state reportedly losing nearly a quarter of its legal cultivation “canopy” since the start of 2022…

Low wholesale prices and high taxes have made it almost impossible for operators to run a profitable small business, pot industry insiders say.

Wow—is that correct?

An industry of braindead potheads and drug dealers is in trouble? Marijuana lobbyists convinced voters that legalizing the drug would bring in massive amounts of tax revenue. Since, without a doubt, pot smokers would love to pay more for the pot they are already smoking, right?

But thanks to heavy-handed regulations and high taxes, the legal pot industry is collapsing in California. This doesn’t mean people have stopped smoking. They’ve just gone back to buying weed from their old drug dealers.

Legal marijuana requires a store, mountains of fees and paperwork, and of course taxation. Illegal drug dealers don’t mess with all that—and the prices appropriately reflect the much lower overhead.

Plus, the backbone of this “industry” are stoners who had no intentions of jumping through California’s bureaucracy.

Again, California is killing its much-prized pot industry with the very policies that are driving businesses out of California—and this is hilarious for We-the-People conservatives.

This is the definition of ‘tragic irony’: Legalizing marijuana with the promise of tax revenue then soon after those taxes kill the industry.