Local businesses weigh in on the economic impact of medical marijuana

Local businesses weigh in on the economic impact of medical marijuana

Lucas Fitch is the manager at three CBD Plus stores in Wichita, and he thinks this bill isn’t doing enough. “I don’t want anything passed if it’s just going to make things more restrictive,” said Fitch. Bolema says the real winner could be the state of Kansas and the tax revenue this medical marijuana bill generates. “This is economic activity that was going on already,” Bolema added. “Now it’s being conducted in a realm where it’s legal and taxed.”

House moves forward with a medical marijuana legalization bill in Kansas Businesses are asking why they would make the transition to THC when it is expensive to do, especially with them seeing high sales with a new legal cannabinoid known as Delta-8.

“It would still cost us probably at least a quarter million dollars,” said Fitch. Should states regulate marijuana by its potency? Some say yes

“We’re not going to have access to pay these crazy amounts they want us to pay to be able to operate a business,” Lane said. Finch’s response resonated with other local business owners. For Justin Lane, the owner of High Hopes ICT, he believes this bill pushes small businesses out of the picture because of high fees for licenses and other regulations that have to be met to sell THC to medical marijuana patients.

The latest news straight to your Inbox: Click here to sign up for the KSN Daily News Digest “A lot of clients come in here and say they would rather come in here, this is a legal product,” explained Lane. “It makes them feel good, it does what they need it to do — and they don’t have to worry about trying to buy an illegal product.”

Source www.ksn.com

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