Legalization could put $5 billion in California’s pockets

California’s impending legal cannabis market could mean a $5 billion boost for its economy, a new state-sponsored study by the University of California Agricultural Issues Center has revealed.

About 29 percent of all cannabis consumers, however, may continue to fuel the illegal market at the get-go to avoid the costs of new regulations that require cannabis to be tested, tracked and taxed at 15 percent of its retail value.

State officials are on track to start issuing licenses in January to businesses hoping to grow, transport, test and sell cannabis following voter approval in November to legalize the plant for recreational use.

Recent Articles

Annie Holman has never been intimidated by any type of boys’ club. “I’m not afraid to march up to some guy in a suit and talk to him."
Join us in taking a deep look at the many vendors and products shown off during TPE this year in Las Vegas!
What’s hot now in the Hemp market? Check out some products so fire, they could light up your bowl for you!
This article explores these drawbacks, including greenhouse gas (GHG) emissions, energy requirements, water usage, and waste management, while providing insight into how today’s growers can decrease the carbon footprint of small and large gardens alike.
Explore the art of flirtatious sales and discover how charm and confidence can close deals successfully.
Explore the impact of education on justice as Dawn Morris narrowly avoids a lengthy prison sentence in a controversial case.
Explore the mission of NORMLS in the ongoing cannabis reform. Learn why the fight for legalization is far from over.
This article explores these drawbacks, including greenhouse gas (GHG) emissions, energy requirements, water usage, and waste management, while providing insight into how today’s growers can decrease the carbon footprint of small and large gardens alike.