California Looks to Build $7 Billion Legal Cannabis Economy

January 30, 2017

SACRAMENTO, Calif. (AP) — 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 next year, 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.

“It’s going to take us 10 years to dig out of the mess we are in.”

Sen. Mike McGuire

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. the remainder of this article can be found at: https://www.leafly.com/news/politics/california-looks-build-7-billion-legal-cannabis-economy

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