Episode 50: Karma Koala Podcast 257: Jordan Ash – Equity In Cali Cannabis “Emotion It’s all we have left”

After our chat a couple of weeks back with Chelsea Haskins about the failure of the equity cannabis program in Sacramento I speak with lawyer Jordan Ash who has more than a few equity clients. The summation? The situation is dire statewide with regard to equity and not much can be done to improve things.Have a listen to what Jordan has to say..This is what he wrote on Linked In a few weeks backIt’s truly a tragedy how many hashtag#social hashtag#equity hashtag#cannabis operators who’d been actual prisoners for cannabis-related crimes are now essentially prisoners to the very same licenses that were supposed to redeem them.It is no secret that the industry here in hashtag#CA has been and continues to be hemorrhaged by a draconian regulatory-tax scheme and way too many have been left with no option but to cut their losses and sell out.However this is not simple for equity operators for whom regulations are in place which restrict their ability to transfer as much as 51% of the company holding their respective licenses.These regulations were initially drawn up with the intention of redeeming and protecting eligible equity individuals who had been negatively impacted by the war on previously illegal cannabis – the assumption being that the cannabis industry would do far better than it has and that reserved equity would actually be worth something to these individuals.8 odd years later and you’d be hard pressed to find an equity licensee who’s felt that the benefits outweighed the costs – in fact for many it has been only cost as they operate these expensive businesses with no protection from black market competitors and no real relief in sight.Read Morehttps://cannabislaw.report/karma-koala-podcast-257-jordan-ash-equity-in-cali-cannabis-emotion-its-all-we-have-left/