California’s Bid for Interstate Pot Could Backfire: The Dose

Welcome to my weekly look at the cannabis and psychedelics industries. Canopy Growth’s layoffs last week were a reminder of how much the illicit marijuana market influences the legal one — even in a country where marijuana is legal at the national level. Here’s a look at how California’s cannabis industry, also suffering from a thriving black market, is attempting to come up with a solution.

Panacea or Contagion?

California’s cannabis regulator is pushing for a legal green light to sell marijuana beyond its state borders. But opening up pot to interstate competition could lead to more woes for the struggling industry. ...