The ongoing federal illegality of cannabis continues to impede California's pot market, limiting companies' ability to trade and pushing consumers to unlicensed sellers.
High taxes imposed by the state and local governments lead to inflated retail prices that push customers back to illegal sellers, exacerbating challenges faced by legal dispensaries.
Despite experiencing the best harvest ever, California growers struggle with a significant decline in operational farms since legalization, highlighting an industry in distress.
The lack of federal reforms hampers the cannabis industry's growth, leaving stakeholders hopeful for changes that could alleviate some economic burdens.
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