Legal Marijuana-Surviving the Market

Cannabis cultivator Erik Hultstrom, right, stands with his friend and dispensary owner Gregory Meguerian on March 24, 2023, in a mostly vacant Los Angeles warehouse he once used. Along the West Coast, which has dominated U.S. marijuana production from long before legalization, producers are struggling with what many call the failed economics of legal pot...a challenge inherent in regulating a product that remains illegal under federal law. Hultstrom, who envisioned thriving in a green rush economy, five years later sold his license and is trying to figure out how to contract with a large grower. (AP Photo/Mike Blood)

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