The California Effect: 2016 Could Be A Watershed Year For Cannabis Legalization

For growers who are looking at the potential for cannabis production but are trying to get a sense for the regulatory lay of the land – know that 2016 could be a watershed year for cannabis legalization.

That belief was echoed at the Cannabis Business Summit held recently in Denver, Colo., where many of the nearly 2,000 attendees felt that if California legalizes recreational (or “adult use”) marijuana, as looks likely, it could set up a domino effect for much of the rest of the country.

A proposition to legalize cannabis in California narrowly failed in 2010, and there were “lessons learned,” said Taylor West, deputy director of the National Cannabis Industry Association (NCIA), organizer of the event. “If they craft a good initiative, and they’re working on it now, recreational use probably will pass,” she said.

This likely will lead to state-level regulations and legitimization of what already is...

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