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Home / Business / & # 39; weed apocalypse & # 39; dawns for Californian pot dealers on Sunday

& # 39; weed apocalypse & # 39; dawns for Californian pot dealers on Sunday



  FILE PHOTO: Customers queue for recreational marijuana in front of the MedMen store in West Hollywood, California USA January 2, 2018. REUTERS / Lucy Nicholson / File photo
FILE PHOTO: Customers queue for recreational marijuana outside the MedMen store in West Hollywood

Thomson Reuters

By Rollo Ross

LOS ANGELES (Reuters) – Six months after California legalized the use of legal marijuana, the so-called "Weed Apocalypse" arrives this weekend because of government regulations that came into force on Sunday Scour dispensaries Discharge non-compliant products.

But while the deadline gives topstay owners a headache, it creates an opportunity for consumers. They are already expecting deep discounts on their favorite marijuana products on the so-called "Green Saturday" – for the color of cannabis – and for black market traders.

"There are going to be a lot of massive sales, and many retailers sell a lot of products," said Nick Danias, executive director of cannabis pharmacy The Pottery in downtown Los Angeles.

"It's about getting rid of a lot of older products that do not meet the requirements of city and state to overcome this old inventory and move on to the next steps after July 1," he said.

The State Bureau of Cannabis Control requires that stores only sell marijuana that has been tested for pesticides, potency and microbiological contaminants.

The state-approved pot is labeled with a harvest and the date of "best use to" and sealed in child-resistant packaging. The rules were due to enter into force on 1 July, six months after the legalization confirmed by voters in November formally entered into force on 1 January. [1965011] Advertisers say they have struggled to meet the deadline for approved testing facilities in California that have caused a bottleneck in delivering compliant marijuana that could drive customers to the black market.

The Bureau of Cannabis Control lists 31 laboratories on its website, but says only 19 are operational.

"We issued our emergency regulations back in November, and at that time we were pretty sure there would be a six-month transition period for retailers to consume their existing offer," said Alex Traverso, a spokesperson for the bureau. "We thought that was enough time to replenish inventory and adapt to the new regulations in California."

GIANT DISCOUNTS

Jerred Kiloh, who worked in Sherman Oaks & # 39; The Higher Path & # 39; is desperate to sell his entire non-compliant stock before Sunday and offers between 50 and 70 percent off.

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"I lose anywhere from 30 to 40 percent on every sale, just so I do not lose 100 percent because I can not return products that are not compliant to the merchants under applicable law." Kiloh, who is also President of the United Cannabis Business Association, estimates that California's licensed cannabis industry will have lost as much as half a billion dollars after July 1.

Sellers fear that taxes will be on some up to 40 percent product can also seduce users to unlicensed pharmacies, of which 1,300 are estimated in Los Angeles alone.

"There are a lot of people who say that within the next year or two, at least 90 percent of these companies disappear from the business, because how will they get themselves if they do not go into the underground market? ? "said Brad Slaughter, an author for California Weed Blog.

(Reporting by Rollo Ross in Los Angeles; Writing and Additional Reporting by Dan Whitcomb of Los Angeles; Editing by Bill Tarrant)


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