Fly-by-night pot shops operate everywhere in New York City, with little attempt to stop them. A new state legislature was elected; so can a new crop of legislators put Pandora’s evils back into the box? Can the state admit failure and undo its reckless law which legalized cannabis?
Meanwhile, Canadians who invested in cannabis stocks and companies lost $131 billion dollars. In Colorado, on November 30, it was reported that the cannabis industry has seen the largest downturn ever. After three years of cannabis in Illinois, sales are flat, despite the addition of new licenses.
So why did New York legislators fall for a failed policy?
It’s the Bigger Fool Theory: If you bought say a gas station on the same corner where 6 other operators had failed, why would you do the same? They may be fools, but you were the bigger fool. New York is the biggest fool of all! Officials should have known that the black market expands and can’t be controlled once you legalize pot.
Continue reading New York’s wild weed sales prove “Biggest Fool Theory!”