LA could become the biggest marijuana market in the world. But will the city be ready?

via: Daily News

"With the cannabis industry set to be legalized in California at the start of next year, the pressure is on for Los Angeles, as some anticipate that the city will be among the hottest marijuana markets in the country, if not the world.

“It’s the California gold rush again – it’s the ‘Green Rush,'” said Greg Meguerian, owner of The Reefinery medical marijuana dispensary in Van Nuys. “The world’s paying attention, and at the end of the day, this is Los Angeles. It’s going to be the largest market in the world … it’s going to be huge.”

“If I’m a tourist from another country, why would I go to Washington if I can go to Hollywood?” he said.

The revenue projections appear rosy to those cannabis businesses looking to be a part of the Los Angeles market. Some believe that with about 10 million people in Los Angeles County, the market potentially eclipses entire states like Colorado and Washington, which have already legalized marijuana.

But with less than four months to go, city officials still have a hefty workload ahead of them as they race to meet a mostly self-imposed Jan. 1 deadline to set up a program that could potentially issue licenses to dispensaries, cultivators, distributors and other sectors in the industry..."

Read the rest  of the article at: Daily News

 

Cannabis Newsmoodteam