Chaotic regulatory climate takes toll on weed clients

December 28, 2022Media Mention
Daily Journal

Cannabis Counsel, Michelle Mabugat, recently shared her commentary with the Daily Journal regarding California's regulatory environment in the cannabis industry.


"They said no to rescheduling a few years ago, but we'll see whether we get anywhere this time."

Biden, she added, "got dragged a bit for throwing a political nugget to voters just before the midterms, but overall his rhetoric was a good thing."

"A lot of folks folded or sold out for cents on the dollar," Mabugat said of cultivators and retailers. "There was a lot of market contraction. But now that distressed licenses are coming under control and the cultivation tax has been removed, I see hope for the future. I'm optimistic about the industry's ability to bounce back."