Anything over $3M should be taxed at 80% as it used to be. The point wasn’t government revenue, but to eliminate the incentive for execs ransacking the company.
90% for anything over $500K. That’s the 1%.
The cannabis industry has been hampered by a lack of demand…
What? That I do not believe
Relative to the supply. We smoke a lot of weed as a country, but we also produce a whole lot and export destinations are limited.
Everyone rushing to over-supply the market was not a lack of demand. Legal weed is probably the largest new market in the last 5 years! Saying the company is underperforming because of a lack of demand when people are buying from other companies is such a hollow excuse.
They’re over producing because there are way too many producers, each trying to survive longer than all the other speculators. The solution is for most of them to go broke. Yay, free market.
