Unencumbered by taxes and regulations, the traditional cannabis market is riding high in this season of COVID-19. But a couple of recent developments may very well play havoc with illicit marijuana says KushCo CEO Nick Kovacevich.
- The end of 2019 saw a remarkable uptick in regulatory enforcement, with the government taking a more “top down” approach to regulation, investigating apps like Weedmaps, but also conducting raids and issuing fines.
- Delivery systems have taken a step forward recently. The advent of kiosks in cities where storefront retail is not allowed, such as Anaheim, is empowering consumers to place orders and have products delivered directly. The kiosks “are a visible and painful reminder of tax dollars being lost by the cities that ban retail sales, incentivizing these cities to potentially issue more licenses and encourage more legal stores to open up.”
- Read WeedWeek’s recent interview with Kovacevich.