LEGAL WEED – DAY ONE

California is the sixth state to allow sales of recreational marijuana, and as the nation’s most populous state, it’s widely seen as a tremendous boost to mainstreaming marijuana. Pot remains illegal in the eyes of the federal government, and it is STILL illegal to take marijuana across state lines, bring it on a plane or mail it.

The California industry is forecast to reach $7 billion in a few years, more than the $6.6 billion of the entire legal cannabis market in the United States in 2016, according to New Frontier Data. California adults 21 and older can possess as much as an ounce and grow up to six plants at home as of Monday.

Although exciting, Monday was a muted rollout, because the licensing procedure is not in place in many cities. Thankfully now, recreational marijuana could be bought legally in Los Angeles or San Francisco, the state’s biggest cities. State and local taxes add a hefty chunk to the price, and depending where it’s bought, taxes can add as much as 45% to the cost. Taking the sketch out of the buying weed at a costly trade off is piece of mind some people appreciate.

Other states that allow the sale of recreational marijuana are Colorado, Washington, Oregon, Alaska and Nevada. More retail shops are certain to open soon in California. The Bureau of Cannabis Control, which issues licenses from the state, had handed out about 200 by the end of last week…

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