Bad news for the pot industry on 4/20.
newsletter, agreed that the reduction in farms is a correction after too many small farmers entered the industry.
California was the first state to legalize the medicinal use of marijuana. It later joined several other states in legalizing recreational use — a move that, proponents said, would generate economic growth and tax revenue. But the industry has struggled to find its feet. Earlier this year, a marijuana company started by the family of the late Grateful Dead icon Jerry GarciaFederal laws against marijuana have also kept the legal portion of the industry from growing, as marijuana companies find it difficult to obtain banking services and other basic necessities for operating a business.on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. ET .
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