‘The Biggest Challenge Is Cash Flow’: Talarya Brands CEO Breaks Down The Struggles Of Non-Retail Cannabis Brands In California
At the recent Benzinga Cannabis Capital Conference, Dustin Milner, CEO of Talarya Brands, shared his thoughts on the complex challenges currently facing California’s cannabis industry. As the head of one of the leading cannabis brand houses, Milner provided valuable insight into the obstacles businesses must navigate in one of the world’s most competitive cannabis markets.
Tax Burdens and Regulatory Hurdles
Milner was candid about the regulatory environment in California, which he described as particularly challenging due to heavy taxation. “In Illinois last year, they collected $474 million in cannabis taxes, compared to $272 million in liquor taxes,” Milner pointed out. “And there are many more liquor stores and bars than dispensaries.”
He emphasized that despite the legalization of cannabis, the taxation model remains disproportionately higher compared to other industries. This adds financial strain on businesses trying to …