https://www.siliconvalley.com/2023/06/23/opinion-california-legal-cannabis-market-could-soon-implode/

The chief financial officer of the cannabis company MariMed was recently asked where her team was considering expanding. Her reply: “Not California.”

Susan Villare is not alone in that sentiment. Numerous well-capitalized businesses are pulling up stakes and abandoning substantial investments rather than face mounting losses. Many investors describe the market as “brutal” and “toxic.”