Quote:
Originally Posted by eyc234
You also have foreign crime syndicates running a lot of the "legal grow" facilities in the US.
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A very big problem for the entire industry is that the amount of government regulations creates a huge barrier to entry, making it very expensive up front to start up a business. Couple that with the fact that it’s becoming legal in many states, but illegal federally, severely limits start up entrepreneurs financing sources. Since banks are federally chartered, and FDIC insured, they can not lend money to any business involved in the industry. Unfortunately, only very deep pocketed and big established, often nefarious organizations, tend to have the cash on hand necessary to enter the business. It has crowded out the little guy and local farmer.