THIS IS WHAT I KNOW--Driving through West Hollywood, it’s hard not to notice the billboard for Zen Dispensary with its trendy Buddha icon. Medical marijuana dispensaries are no longer solely the provenance of dicey strip malls. And last November California voters supported Prop 64 which legalized recreational marijuana and establishes certain sales and cultivation taxes, passed by 56 percent. The sale and taxation of legalized marijuana will go into effect on January 1, 2018.
CRIME STATS--Are you interested in exploring an unfamiliar street, but wondering if it's safe? Well, you can always look around for reassuring signs—such as the presence of a medical marijuana dispensary.
GUEST WORDS--Let’s face it. Los Angelenos love marijuana. In 2009, there were reportedly more unlicensed dispensaries in the city than Starbucks (over 1,000). By some estimates, medical marijuana is currently a $1 billion market in the city, surpassing Colorado’s entire market. And New Year’s Day 2017 will perhaps be most remembered for the infamous “Hollyweed” sign stunt that garnered international attention. Clearly, Los Angeles is a 420-friendly city. Now, with the passage of Measure M, the City Council will be able get a handle on this popular local industry.
RANTZ AND RAVEZ-When Mayor Eric Garcetti ran for election, he promised he would bring the city around in a positive manner and ultimately focus on a Back to Basics agenda. Most people in Los Angeles truly believed that the city had moved far away from the basics and the idea of a safe and clean city resonated with voters throughout LA. It carried Mayor Garcetti to victory.
FROM GUNS, CASH, CARTELS TO REGS AND ECONOMICS--California’s marijuana industry will soon begin its transition from an illicit ecosystem fraught with guns, cash, and cartels into a regulated economic juggernaut.