Bloomberg's Odd Lots podcast just had an episode on cannabis, "NY's Cannabis Rollout Could Destroy a Legal Entrepreneur": > When New York legalized recreationa

Bloomberg's Odd Lots podcast just had an episode on cannabis, "NY's Cannabis Rollout Could Destroy a Legal Entrepreneur": > When New York legalized recreational cannabis for adults, it didn't just want to fling the gates wide open for anyone to take part. Instead it specifically aimed to help out and give priority to individuals who were previously harmed by the war on drugs. However, more than two years after the law was signed, there are just a handful of legal, licensed shops. Meanwhile, there are thousands of un-licensed shops that proliferate across New York City. At the same time, red tape and legal challenges have hampered the efforts of those going down the legal, regulated path. On this episode, we speak with two entrepreneurs who are trying to go down the regulated path: Coss Marte and Alfredo Angueira of Conbud. They've spent over a million dollars getting ready to launch their dispensary in Manhattan's Lower East Side, but have been unable to actually open it on schedule due to various last minute glitches and legal challenges. We discuss what they've encountered in their efforts, and what it's been costing them to go down the legal path. * https://omny.fm/shows/odd-lots/nys-cannabis-rollout-could-destroy-a-legal-entrepr https://omny.fm/shows/odd-lots/nys-cannabis-rollout-could-de... One observation: when cannabis was completely illegal, there was 'enforcement' against all the small time sellers, now that is is legal but needs to be licensed, there is absolutely enforcement against the unlicensed shops. You would think it would in the government's interest to go after the illegal shops as the legal ones would collect more tax revenue. But no.