Despite the recent acceleration in legalization, many people who wish to purchase cannabis are unable to because they live somewhere with restricted access to cannabis often travel across city, county, and state borders to make purchases elsewhere.
This trend should be a huge red flag to lawmakers who have chosen prohibition that these laws are not preventing cannabis access and they are also losing out on valuable tax revenue.
In fact, the per capita spend in a rural county that borders both Idaho and Oregon is more than 3X higher than the per capita cannabis spend of the average Washingtonian.
This should be a huge indicator to state, county, and local lawmakers that the continued prohibition of cannabis is largely futile; motivated customers will find a way to purchase elsewhere.
Additionally, by forcing residents to shop out of state or county, these areas are losing out on significant tax revenue. It’s time for these government bodies to get on board and realize that the tide of cannabis legalization is only moving forward.
Show Notes:
Exploring border town cannabis sales in CO & WA
https://www.headset.io/posts/exploring-border-town-cannabis-sales-in-co-wa
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 793 The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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