Ever since the first wave of legalization hit consumers, California residents have been enjoying all the benefits of the extremely profitable industry. It turns out however that while marijuana has been legalized in California and is enjoying public circulation in Los Angeles in particular, the government has decided to regulate and steadily interfere in the usage as well as the trade of marijuana.
Ever since cannabis got legalized in California in the past election, growers and those willing to do business with marijuana have been looking far and wide throughout the state for business opportunities. For some players, however, the market has existed and has thrived for a very long time these are the ones who are willing to take full advantage of the market no matter how shady and doubtful it is.
The Situation According to Leading Sources
Following is what the Cannifornian, leading news and reporting agency on the marijuana trade and usage in the state of California, had to say about the situation.
Of course, some dispensaries sold weed to just about anyone long before Prop. 64 passed. But the legalization law seems to have made these shady players even more brazen. A search on Weedmaps.com turned up many shops that now openly state they’ll sell everything from infused gummy candies to concentrated waxes after verifying only the buyer’s age, not his or her medical status.
I think that they’ve gotten more emboldened, said James Wolak, captain of the Narcotics Bureau for the Los Angeles County Sheriff’s Department. People feel like now that it’s legal, anything goes. And that’s just not the case.
This means that with the legalization of marijuana, comes the alteration of a stable market, which is admittedly underground and yet enjoys a strong infrastructure, into a market that is plagued by government interference, rules, and regulations, as well as oversight.
Legalization in the Other States and How it Differs from California
It is important to note that other states have already begun to transform the cannabis industry, if it is not transformed already, into more than just a medical aid; rather a recreational industry.
California it seems is lagging behind in this aspect, as there are already regulatory laws being written, to better oversee the local industry. For those in California with business interests in cannabis, these are tough times. However, if they can brave the bad weather and persevere, they can be sure that a million dollar industry awaits them.
While it is both good and bad news for investors in the cannabis trade, depending on which side of the law they are operating on, it will be extremely beneficial for positive and compliant investors to be as prepared as possible for when the new regulatory are passed.
Marijuana stays in the news, and Alice is always ready to keep us updated. A world traveler and lover of freedom, Alice knows what is going on, no matter where she roams. She specializes in marijuana legalization stories across the globe, with up to date... [read more]