ONN – Katie Rabinowitz Of Magnolia Oakland Talks Cannabis Trade In West Oakland
This is another great Oakland-focused YouTube video by Shani Shay. Ms. Shay writes:
Katie Rabinowitz, general manager at Magnolia Oakland talks in and outs of the cannabis trade in west Oakland.
And in this excerpt, Ms. Rabinowitz talks about the over-taxed Oakland cannabis industry:
“In Oakland I would say it’s kind of an uphill battle. It’s kind of a five foot forward, kind of, two steps, or sometimes ten step back. Right now, the taxes are at a point to where they’re so excessive, that not only is it a really tough burden for companies, but the consumers also hit.
And because cannabis, especially California cannabis, Bay Area cannabis, has been around you know 96, from 1996, and even before then there were already these kind of formed relationships between the providers and then for the consumers. So when the taxes were so how did consumers can participate in dispensaries like they once had and the providers?
You know, the barrier of entry was so high, they didn’t, you know, have the financial ability to move forward. Or, you know, regulations were so challenging that they weren’t able to get a building. Or, you know, there was just so many challenges that there’s so much more potential, and it’s a little bit disappointing the fact that for a city that is so kind of set on trading a thriving cannabis economy, but they haven’t recognized the fact that maybe having the highest city tax in the entire state isn’t really ideal. Or having taxes or very eventually being so high that investors and funders don’t want to support businesses in Oakland. They want them to go to other cities because it’s not a sound business decision so there’s a lot of challenges.”
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