Home Conservative California Looks to Build $7 Billion Legal Pot Economy

California Looks to Build $7 Billion Legal Pot Economy

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It’s highly doubtful that if California legalized and databased marijuana sales would even make a dent in their continued fiscal issues. Then again, slapping “Grown/Made in the USA” would help bring in the Patriotic demographic- PB/TK

California Looks to Build $7 Billion Legal Pot Economy

Sunday, 29 Jan 2017 01:03 PM

The future of California’s legal marijuana industry is being shaped in a warren of cubicles tucked inside a retired basketball arena, where a garden of paper cannabis leaves sprouts on file cabinets and a burlap sack advertising “USA Home Grown” dangles from a wall.

Here, in the outskirts of Sacramento, a handful of government workers face a daunting task: By Jan. 1, craft regulations and rules that will govern the state’s emerging legal pot market, from where and how plants can be grown to setting guidelines to track the buds from fields to stores.

Getting it wrong could mean the robust cannabis black market stays that way — outside the law — undercutting the attempt to create the nation’s largest legal marijuana economy. The new industry has a projected value of $7 billion, and state and local governments could eventually collect $1 billion a year in taxes

Continue to newsmax.com article: http://www.newsmax.com/Newsfront/California-Marijuana-Controlling-pot/2017/01/29/id/770932/

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