Corruption in the Cannabis Industry
The Issue of Licensing
Probably the most important takeaway from our conversation with Morgan Fox is that the corruption issue “is a direct result of arbitrary license caps, either at the state or local level.”
“Limiting the number of licenses creates competition in the application process instead of in the market where it belongs, and usually ends up either favoring applicants with more financial resources or creating an environment that is ripe for public corruption,” he explained.