Marcus Lemonis says Bed Bath & Beyond will avoid California retail operations due to expensive regulations, instead offering online delivery within 24-48 hours.

Beyond ( NYSE: BYON) CEO Marcus Lemonis is steering clear of California, calling out the state’s overregulation, high taxes, and risky business environment for his decision to not open or operate Bed Bath & Beyond retail stores in the state.

California Gov. Gavin Newsom’s (D) office on Wednesday knocked Bed, Bath & Beyond after the company announced it won’t open any new retail stores in the Golden State. “After their

Bed Bath and Beyond executive chairman Marcus Lemonis told Newsmax on Wednesday he would "love to see Gavin Newsom out of office."

The CEO of the retailer Bed Bath & Beyond issued a stinging rebuke of California and said he won’t be expanding to the Golden State thanks to Democrat-imposed regulatory burdens. “We will not open or operate retail stores in California,” began a statement from Marcus Lemonis.