‘We’re Happy Governor Newsom Banned Hemp’: Why One Cannabis CEO Supports The Move
As the CEO of Gold Flora, a leading cannabis company in California, Laurie Holcomb is confident that the state remains at the forefront of the industry despite numerous challenges. At the Benzinga Cannabis Capital Conference, Holcomb discussed California’s position as a revenue leader and the evolving regulatory landscape.
Holcomb emphasized that, despite criticism, California continues to lead the nation in cannabis revenue. “We do $5 billion a year in revenue,” she noted, underscoring the state’s influence. “I would just hope that people don’t write off California. We are a big state, and investors and people should look to us as a leader in the industry.”
California’s Cannabis Market Remains Strong
While California often faces a bad reputation due to its heavy regulations and taxes, Holcomb believes these obstacles haven’t diminished its role as a leader in the U.S. cannabis industry. She pointed out that the state still has one of the largest legal …