In 2016, California voters approved Proposition 64, which legalized recreational pot use for adults in the nation’s most populous state. It starts in 2018 when the new economy will unite the recreational and medicinal marijuana markets.
The state is looking to issue regulations that will govern the marijuana marketplace in November. And in the meantime, a patchwork of local regulations is emerging across the state. The rub is, to obtain a state license, operators must first have a local license or authorization.
Each government does it differently: Los Angeles is still working on its rules and the city is facing criticism that some operators could be cut out of the market, and it appears San Francisco will not be ready for legal sales in January and perhaps not for months.
What it means for retail: One of the biggest issues that the marijuana industry is going to face is working within the patchwork of local ordinances and state regulations. This is going to be more of a speed bump than a brick wall. As each county and city writes their ordinances, business will fill in the gaps and the market will grow. Patience is the key in California.
Special Thanks to Marijuana Retail Report for content share