❝ After decades of thriving in legally hazy backyards and basements, California’s most notorious crop, marijuana, is emerging from the underground into a decidedly capitalist era.
Under a new state law, marijuana businesses will be allowed to turn a profit — which has been forbidden since 1996, when California became the first state to legalize medical cannabis — and limits on the number of plants farmers can grow will be eliminated.
❝ The opening of the marijuana industry here to corporate dollars has caused a mad scramble, with out-of-state investors, cannabis retailers and financially struggling municipalities all racing to grab a piece of what is effectively a new industry in California: legalized, large-scale marijuana farming.
And with voters widely expected to approve recreational marijuana use in November, California, already the world’s largest legal market for marijuana, gleams with the promise of profits far beyond what pot shops and growers have seen in Washington or Colorado, the first states to approve recreational use…
❝ Twenty-three states allow some form of legal marijuana, and up to 20 will consider ballot measures this year to further ease restrictions.
California is now making the largest effort in the country’s history to pull marijuana out of the black market. Medical marijuana sales in California hit $2.7 billion last year, accounting for nearly half of all legal marijuana sales in the country…Approval of recreational marijuana use in November could double the market here by 2020, experts said.
Legalization brings jobs and tax revenue to a state. I’m not surprised when some states with an old dope-smoking culture still drag their feet. Face it. Even stoner politicians from either of the two old parties are chickenhearted when it comes to challenging the folkways of church and 14th Century morality – no matter how out-of-date and useless.
But, as the wave of good sense sweeps across a nation sparked by a couple new generations of education and backbone – encouraged by a Great Recession the old politicians rolled over for – change has to come to social behavior whether Liberals approve or Conservatives whine.
RTFA for lots of detail. Some of it silly and irrelevant, of course.