Money

California’s New Multi-Billion Dollar Industry

According to the Victorville Daily Press, November 16, 2017, California released long-awaited rules that will govern the state’s emerging legal marijuana industry, while potentially opening the way for larger-scale cultivation. The thicket of emergency regulations allows the state to issue temporary licenses for growers, distributors and sellers on Jan. 1, 2018, when recreational sales became legal. They provide a regulatory roadmap for business operations, from fields to the retail sales counter, establishing guidelines for testing, growing and the distribution of marijuana in California is projected to be a $7 billion economy, the nation’s largest.

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