Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 624: Interview with Marlo Richardson, California Cannabis Entrepreneur
Vancouver, Kelowna, Delta, BC - February 8, 2022 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today's podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 623: Interview with Marlo Richardson, California Cannabis Entrepreneur
Today's podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today's podcast, Investorideas interviews Marlo Richardson, a licensee who owns and operates a cannabis grow in California where we discussed what it's like to deal with and how to handle red tape -- or excessive bureaucracy, rules and formalities in cannabis in California?
Marlo has a number of brands she supplies and partners with. Owning and operating a cannabis grow-op comes with red tape on all levels. A letter to the California state governor states, "The opportunity to create a robust legal market has been squandered as a result of excessive taxation, 75% of cannabis in the state is consumed in the illicit market, is untested and unsafe".
Marlo who runs an above board certified and legal business is no stranger to bureaucracy and explained how she keeps her cannabis businesses running despite high bracket taxation, specifically her experience navigating red tape and how she competes with the black market.
A recent article from MJBiz Daily discussed the growth of the cannabis industry in California stating, "More than a dozen California cities are opening new recreational cannabis licensing opportunities this year, either by embracing the legal marijuana industry for the first time or by increasing the number of available business permits."
Commenting on the issues with the many social equity programs and why many are still frustrated with the lack of results from these programs, Richardson said, "The problem is that when we have these great people introducing these programs, they're not always in a position to follow through. They do what they can but it's pretty difficult to follow, let's say $100,000 that you've got granted to a certain area, to make sure that the money goes to who it's supposed to. It's not necessarily the people at the top, but the people in the middle who are taking care of people they know or taking care of people that will give them some sort of kick back. I don't think it's going to stop because at the end of the day people will always take those kinds of risks."
Richardson went on to discuss some of the other issues facing social equity programs, the burden of taxation in California as well as how she has personally stayed competitive in such an expensive and competitive market.
To find out more aboutMarlo Richardson click the links below.
YouTube: Marlo Nicole Business Bullish
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