California's legal marijuana market is on the verge of exploding
California is the world's sixth largest economy, only outpaced by the US as a whole, China, Japan, Germany, and the UK. The Golden State's economic output for 2015 came in at $2.46 trillion.
Let's be clear: We're talking about a single US state economy compared with those of entire countries. California, on that scale, is number six.
And that's why it's such a tremendously big deal that California is on the edge of fully legalizing marijuana, just like Colorado, Washington, and Oregon before it.
Customers buying products at the Harvest Medical Marijuana Dispensary in San Francisco on April 20, 2016. AP Photo/ Haven Daley
We're not talking about de-criminalization, or police de-prioritization.
We're talking about alcohol-style regulation and sale of marijuana to adults, age 21 and up. We're talking about legally allowed personal cultivation, state/local taxation of retail sales/distribution, and re-evaluation of sentences/records for people charged with marijuana offenses.
We're talking about...
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