KRON4: Marijuana industry warns legal market could collapse

By Ashley Zavala, Jose Fabian


SACRAMENTO, Calif. (KTXL) — While 4/20 is a notable day for marijuana businesses, industry leaders continue to warn California’s legal market could collapse.

Marijuana growers and sellers said while Wednesday will be good for businesses, they’re at a tipping point with the state’s taxes and regulations.

“It’s gotten worse as an overall demand, and revenue being driven to the legal market has gotten worse,” said Jerred Kiloh, president of the United Cannabis Business Association.

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