Legalized Pot Was Supposed to Help Build Black Wealth in Los Angeles. It Failed.
submitted 2 years ago by [deleted] from (newrepublic.com)
[–]Heter0ph0be4Life 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 2 years ago (3 children)
That's because pot is no more exempt from the laws of economics and supply and demand than any other commodity. It's really not hard to comprehend: they only "legalized" it so they could extort protection money from the industry while making it harder for those who aren't already rich to start a business. The Italians muscled their way in just like they did with liquor and they did it to keep Blacks and Mexicans out, as per usual.
[–]Canbot 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 1 fun2 insightful - 2 fun - 2 years ago (2 children)
How did they "muscle their way in"? Do you mean out competed by providing better products and services?
[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 2 years ago (1 child)
Better protection services.
[–]Heter0ph0be4Life 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
This.
[–]Drewski 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 2 years ago (0 children)
Regulating, restricting, and taxing the hell out of an industry made it unprofitable. Who would have thought?
[–]Rusty_Foster 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
Because Los Angeles is a scam, liberals don't care about black people, only making money off of them.
[–]TheJoint 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
Whoever said that didn't know what they were talking about, it isn't like the state gave recreation licenses cheaper for black people.
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 2 years ago (0 children)
Apparently, black wealth is much easier to obtain by selling suckers with no investment capitol on unrealistic business opportunities in massively regulation burdened markets.
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[–]Heter0ph0be4Life 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (3 children)
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