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CALIFORNIA: THE LAYOFFS ARE JUST THE BEGINNING

MJBiz concluded a three part series on the California market, arguing there will be more pain in the country’s largest cannabis industry.

  • “By the end of the year, we’re going to see a lot of our members I think fall out of the industry,” said Lindsay Robinson, executive director of the California Cannabis Industry Association. “Businesses are on the verge of collapse.”
  • California Insurance Commissioner Richard Lara is spearheading how state insurance regulators will deal with the cannabis market. Insurance Journal