That said, the black market still controls the majority of sales. Since the passage of Proposition 64 in November 2016 legalizing recreational adult use of cannabis in California, their off-the-grid mentality is being usurped by standardized business practices, Harvard MBAs, and millions in venture capital. This industry was once controlled by drug cartels and supplied by renegade pot growers in California’s Emerald Triangle and the Pacific Northwest. With a projected 13.7% compound annual growth rate through 2025, the legal cannabis market is growing faster than any industry today.Ĭannabis generated $8.3 billion in consumer sales in 2017 and could earn $23 billion to $30 billion by 2025, according to New Frontier Data, an industry analytics group. Drivers are hired, trained, and monitored.īut cannabis is no ordinary industry: As of January 2019, cannabis is legal for recreational or medicinal use in 33 states and the District of Columbia. Routing software and telematics systems are used to minimize travel time and maximize the revenue of each stop.
Vehicles are selected and converted to meet specific delivery requirements. In many ways, its transportation and logistics are no different than any other business fleet: Decisions are made to outsource distribution or stay in-house. This was just another day in the movement of cannabis and its profits across the State of California.
On a San Jose cul-de-sac, two detectives in an unmarked sedan watch three Millennials enter a McMansion with garbage bags full of weed. In Sacramento, a marijuana dispensary owner walks into the federal Franchise Tax Board office where she’ll exchange a duffel bag filled with $338,654 in cash for a receipt - excise taxes paid to the federal government.
0 kommentar(er)
