RE:RE:RE:Curaleaf to close operations in Calif., Colo., Ore.davgro wrote: 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!!
Great move with out question for Curaleaf moving forward. Expect others to do the same. Governments out West are over taxing Cannabis and keeping a blind eye on the illegal cannabis cartel.
This move will help CURA build out in the States that have real cannabis protection. California Colorado and Oregan can kiss that tax money goodbye and there goes those much needed jobs as America sinks into a recssion.
Governement failed on all fronts, they need to get their act together. The only way they will learn is when they see how much Tax money and jobs they will be loosing. People will be pissed!! Heads need to roll! Good Move by Curaleaf!!
Announces Closure of California, Colorado and Oregon Ops 2023 Free Cash Flow Expected > $125M Will Consolidate Cultivation/ Processing Ops in Massachusetts Has Reduced Its Payroll by 10%