You are here

Home 🌿 Medical Cannabis News 🌿 California's medical marijuana regulations may cause some growers pain 🌿

California's medical marijuana regulations may cause some growers pain

Warning message

The subscription service is currently unavailable. Please try again later.
Submitted by Marijuana News on Mon, 11/23/2015 - 08:32

As California prepares to bring in the $1 billion medical marijuana industry from the legal shadows, growers and marketers on the pot-rich North Coast are waiting to see how much the massive regulatory structure will cost them and whether to stick instead with the prosperous but risky outlaw status they have lived with for nearly two decades.

The regulatory scheme, which will cost up to $50 million, must be funded entirely by license fees paid by the industry, while new taxes on the cannabis trade — which some advocates say is one of Sonoma County’s major industries — offer the prospect of millions of dollars to help pay for paving roads, hiring police and other public services.

Investors have taken note of the imminent regulation of California’s cannabis industry, which accounts for nearly half of the nation’s booming $2.7 billion market in legal cannabis, according to one report.

But the rosy financial forecasts...

READ MORE: 
GUY KOVNER
Rate this article: 
Region: 
California

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.