Since the passage of California Proposition 64, the Adult Use of Marijuana Act, the cannabis industry has grown substantially. Meanwhile, its use is becoming more accepted in society, but it faces challenges. For investors, the challenge will be deciding which of the established cannabis companies can succeed long term.
Such considerations can often bear impact on the docket for the Lake County Grand Jury. The principal purpose of the Lake County Grand Jury is to serve as a watchdog over aspects of local government action. This is, according to the GJ foreperson for Grand Jury, Arleen Russo, in an introductory letter included at the beginning of the publication of the GJ's summary report wrapping up the 2023/24 session.
Findings
At the conclusion of the GJ's report, it issued a series of findings. First and foremost, the GJ found, owing to the tax burden and the large number of illegal farms, many of the legal cannabis companies are going out of business or leaving the state.
Following up on this discovery, The GJ also substantiated that laboratory testing is unreliable and needs to be monitored more closely. A subsequent finding is there are no legal cannabis testing laboratories in Lake County. What is more, Lake County law enforcement has insufficient resources to investigate illegal farms. Another finding concluded illegal growers undercut the legal growers, therefore causing market deflation. Finally, Lake County's ground water must be protected from theft, primarily from illegal growers.
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