Lack of Competition in The Cannabis License Application Process Fuels Corruption

in #weedcash3 years ago (edited)

Dozens of states are moving forward with plans for legalization and it is anticipated that soon there might be federal changes made to do away with cannabis being on the controlled substances act.

Along the way when states have sought to legalize they have faced allegations of corruption and various lawsuits have been prompted by arguments over the licensing process.

Illegally Handling Medical Cannabis Business Licensing

From Washington to Las Vegas, Colorado, and many other regions, there have been questions about the transparency of the license process.

With so few licenses being given out this for people to get into the market, the artificial interference from the government is reducing competition with severe consequences. Among those consequences is the concern that it will be fueling corruption in the process by increasing the possibility for public officials to take bribes in exchange for those licenses.

In some jurisdictions they might only give away permission to 10 cannabis shops or so to be able to open up shop and start serving their communities. And the number of how many shops a community might get isn't up to discussion from the public, it is few lawmakers around the country who are deciding this.

Legal Market Problems

The government is deciding how many people get the opportunity to do business. With their artificial determination of how many shops there should be, by setting those limits they are refusing to respect the natural right and freedom of those who want to get involved, who are willing, who the community would support in-return, but who can't obtain one of the highly coveted licenses that there are so few of.

When dozens are applying and looking for the opportunity to do business in the market then that means that many are not going to have their business dreams realized.

The cannabis licensing process in various jurisdictions has faced allegations that it hasn't been transparent enough, as to why some didn't get a license when others did. Considering this, you can see how it would easily prompt some to consider suing over what they might think is an injustice.

The government should allow the market, the community members, to determine how many cannabis shops are needed. This would be a better approach than simply giving control to a select few to be the ones to determine the number of cannabis shops there should be.

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"Big Weed" is no different than Big Pharma now because of these ridiculous limitations on free trade.

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