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California Wants Interstate Weed. That Could Backfire.

Workers harvest cannabis plants in California. 

Workers harvest cannabis plants in California. 

Photographer: Jill Connelly/Bloomberg

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. 

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.