Calif. Policymakers Should Aid Crashing Cannabis Market

August 4, 2023Article

Michelle Mabugat, Cannabis Co-Chair, published the article, "Calif. Policymakers Should Aid Crashing Cannabis Market" to Law360.


California's cannabis industry is in the throes of a financial crisis that has left many questioning its viability.

Tales of debts skyrocketing, tax burdens weighing heavy and businesses teetering on the brink are becoming all too common. All the glitter of the so-called green rush has faded, replaced by a harsh reality check.

If the current trend continues unaddressed by policymakers, the industry might be staring down the barrel of a major collapse.

Read the full article here.