{"id":1829844,"date":"2023-01-31T09:49:56","date_gmt":"2023-01-31T14:49:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1829844"},"modified":"2023-01-31T09:57:37","modified_gmt":"2023-01-31T14:57:37","slug":"grateful-dead-legend-jerry-garcias-family-pulls-pot-business-out-of-california-over-taxes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/grateful-dead-legend-jerry-garcias-family-pulls-pot-business-out-of-california-over-taxes\/","title":{"rendered":"Grateful Dead Legend Jerry Garcia\u2019s Family Pulls Pot Business Out Of California Over Taxes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgrateful-dead-legend-jerry-garcias-family-pulls-pot-business-out-of-california-over-taxes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1829844&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>Grateful Dead legend Jerry Garcia\u2019s relatives are truckin\u2019 out of California, apparently because the Golden State\u2019s high taxes and anti-business climate are just too harsh on the family\u2019s marijuana business.<\/p>\n<p>Garcia Hand Picked, which the late guitar wizard\u2019s family started in 2020, <a href=\"https:\/\/www.sfgate.com\/cannabis\/article\/jerry-garcia-cannabis-leaving-california-17741843.php\">SFGate.com was told<\/a> the company just can\u2019t make a go of it in the Golden State. A leading industry expert said that California&#8217;s high taxes, black market competition, and rising crime were the reasons for California&#8217;s decision to leave.<\/p>\n<p>\u201cWe\u2019re taking a pause in California,\u201d Garcia Hand Picked&#8217;s parent company Holistic Industries spoke on behalf of Garcia Hand Picked. \u201cWe want to ensure California consumers have the highest quality flower for the long term, so we are choosing a new local partner for cultivation, production, sales and distribution of Garcia Hand Picked in CA.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">Jerry Garcia\u2019s Grateful Dead weed brand is leaving California. Federal law prohibits pot companies from deducting all business taxes from federal taxes. Pot businesses now have to pay a federal tax rate of as high as 80%. <a href=\"https:\/\/t.co\/lFj1gFaOH9\">https:\/\/t.co\/lFj1gFaOH9<\/a><\/p>\n<p>\u2014 Chronicutopia (@badboychronic) <a href=\"https:\/\/twitter.com\/badboychronic\/status\/1619772312584167426?ref_src=twsrc%5Etfw\">January 29, 2023<\/a><\/p>\n<p>Garcia, who died in 1995 at age 53, was born in San Francisco and founded the band there in the 1960s. More than two decades after his death, California legalized recreational marijuana, a policy decision the hard-partying musician would have certainly endorsed.<\/p>\n<p>\u201cThis was a hard decision for them, they love California,\u201d cannabis industry expert Andrew DeAngelo told the outlet. \u201cThey were born and bred here. This is very painful for them, I guarantee that.\u201d<\/p>\n<p>DeAngelo said the Garcia family is facing the same high-tax, high-crime realities as other Golden State entrepreneurs. Since 2020, California has seen <a href=\"https:\/\/buildremote.co\/companies\/companies-leaving-california\/\" target=\"_blank\" rel=\"noopener\">an exodus of high-profile companies<\/a>, with many going to red states with lower taxes and safer streets.<\/p>\n<p>\u201cNot only is Garcia leaving, a lot of people are leaving,\u201d he said. \u201cIt\u2019s a real shame California is losing out.\u201d<\/p>\n<p>The Garcia Hand Picked brand of marijuana will still be sold in Colorado, Maryland, Michigan, Massachusetts, and Oregon.<\/p>\n<p>California, which has a 15% sales tax on marijuana, has reaped over $4 billion in tax revenue since legalizing pot. It also collects money from retail licenses, which can cost $100,000 annually, taxes on growers, and local taxes which are in addition to the state levies. But legal cannabis companies complain that the state doesn\u2019t do enough to crack down on the black market, allowing unfair competition to flourish.<\/p>\n<p>Last November, <a href=\"https:\/\/www.greenmarketreport.com\/california-cannabis-debt-bubble-on-verge-of-bursting\/\">GreenMarketReport.com warned<\/a> of a \u201cmass extinction event\u201d for California\u2019s legal pot industry, reporting that licensed companies were carrying unsustainable debt and were unable to pay their bills.<\/p>\n<p>\u201cIn the next 12 months, I think half the retailers are going to be in business,\u201d Matt Yamashita, founder of Grizzly Peak, a Bay Area indoor grower and distributor, told the site. \u201cI think 80% of the people in business will be gone. It\u2019s inevitable. The bubble is going to burst.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grateful Dead legend Jerry Garcia\u2019s relatives are truckin\u2019 out of California, apparently because the Golden State\u2019s high taxes and anti-business climate are just too harsh on the family\u2019s marijuana business. Garcia Hand Picked, which the late guitar wizard\u2019s family started in 2020, told SFGate.com the company just can\u2019t make a go of it in the &#8230;<\/p>\n","protected":false},"author":729,"featured_media":1829847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[4284,4045,3642,3881,17008,3843,7613,9610,13048,6757,10964],"class_list":["post-1829844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-business","tag-california","tag-dead","tag-family","tag-garcias","tag-grateful","tag-jerry","tag-legend","tag-pot","tag-pulls","tag-taxes"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1829844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/729"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1829844"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1829844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1829847"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1829844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1829844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1829844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}