RE:RE:Curaleaf to close operations in Calif., Colo., Ore.I agree 100%. The California marketplace is one of the worst states for cannabis MSOs to operate. The main competition in the state is not the other MSOs but the huge illegal black market that law enforcement can't put a dent in. Add on restrictive tax legislation and it is no wonder that pot companies can't survive there.
I have watched small California MSOs like VIBE flounder with revenue decreasing quarter after quarter, eventhough they add new dispensaries. CURA got out of California for a good reasons, as stated in their news release. Unless things change in California more MSOs will leave the state or just close up shop like VIBE is destined to do.
See my post on CURA and VIBE at:
https://stockhouse.com/companies/bullboard?symbol=c.vibe&postid=35247797 blackspade799 wrote: This is a good move by CURA. The West coast is a sheet show, run by illegal cannabis cartel, State Governments continue to take a blind eye to illegal cannabis dealers. $50Mil will be made up in markets that have rule of law in tact. Im expecting even more new product lanches in their key markets like NJ, CI, IL,PA, FL. A 10% cut in salaries is good and greater moves in UK and Germany will be sene very soon as medical picks up speed... Good Job Matt and the CURA team!!