Here's a little different perspective on the financial benefits of legalizing
pot.
When NJ legalized recreational pot, all the towns in the North Jersey , where I live, thought it would be a tax windfall.
So, they were quick to approve dispensaries.
Didn't quite work out that way.
When the first pot dispensaries opened, there were very long lines.
The ones on highways needed to hire off duty police to control the
traffic. Not any more.
As more dispensaries opened, the market got "diluted".
Towns were also told that, once the "newness" wore off, that is , the ability to buy pot legally, people would go back to buying their pot "on the street", since it was LOT cheaper.
That's exactly what happened.
A lot of the dispensaries are struggling and tax revenues have dropped.
If you get picked up with pot, the police don't ask where you bought it.
All they care about is the weight.
About the only thing that does seem to still be selling well from the dispensaries are "edibles".
Now ,a few entrepreneurs are trying to get approvals to convert unused warehouse
space to indoor cultivating.
There's not enough open land to even consider growing outdoors.
Last Edited: 11/2/2023 9:30:00 AM by rpbobcat