Dec 6 - Breaking News: LA legalizes recreational marijuana

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 2 weeks ago '05        #1
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phantomnation 2095 heat pts2095
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Dec 6 - Breaking News: LA legalizes recreational marijuana
 

 

(LOS ANGELES) — Los Angeles will become the nation’s largest city with recreational pot after the City Council voted Wednesday to license sales next year.

After months of debate and political snags, the council approved rules to usher in commercial sales and cultivation set to begin in less than a month under an initiative approved by state voters.

Under the Los Angeles regulations, residential neighborhoods would be largely off-limits to pot businesses, and buffer zones would be set up around schools, libraries and parks.

However, with the new year just weeks away — and the holidays coming — industry experts say it’s not clear how many businesses, if any, will be ready to open their doors on Jan. 1 to hordes of anxious customers.


If demand is not satisfied in the legal market then “you are just giving oxygen to the black market we all want to eradicate,” said Adam Spiker, executive director of the Southern California Coalition, a cannabis industry group.

Medical marijuana has been legal in the state for two decades.

The dense set of regulations passed Wednesday dictate where pot can be grown and sold in the new marketplace, along with how businesses will be licensed.

Businesses that want to participate in the marketplace need local permits before they can apply for state licenses required to operate in 2018.

“As lawmakers we have a responsibility to reasonably regulate this industry in a manner that is safe, inclusive, and practical,” Los Angeles City Council President Herb J. Wesson Jr. said Wednesday.


The state and hundreds of cities are faced with the challenging task of trying to govern the vast, emerging industry with a projected value of $7 billion. Some places have banned all commercial pot activity, while other are embracing it.

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California is among 29 states where pot is legal, either for medical or recreational use.


Los Angeles, home to 4 million people, has long been an unruly frontier in the pot industry, where hundreds of illegal dispensaries and cultivators proliferated.

Earlier this year, city voters endorsed another attempt to regulate the local pot businesses, leading to the new rules.

The legal marketplace is seen as a way to impose order, hopefully squeezing out illegal operators while raising a cascade of new taxes for City Hall.

In the background is widespread uncertainty about whether the Trump administration will attempt to intervene in states where marijuana is legal.

Because marijuana is illegal in the eyes of the federal government, many major banks are leery to do business with dispensaries and growers, so much of the business is conducted in cash.
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52 comments for "Dec 6 - Breaking News: LA legalizes recreational marijuana"

 2 weeks ago '05        #2
Quddus 12 heat pts12
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about time
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 2 weeks ago '07        #3
timdog 926 heat pts926
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@

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 2 weeks ago '05        #4
ogballer32 401 heat pts401
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well if people need a light in LA then they can just go outside since the city is on fire
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 2 weeks ago '16        #5
theplayer 
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Business is booming next year.
Smart people got on that wave early gonna make a k!lling
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 2 weeks ago '06        #6
J_Teflon 1 heat pts
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 2 weeks ago '17        #7
HughyBaby 3 heat pts
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Didn't they legalize weed in California already? Why is this being announced??
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 2 weeks ago '14        #8
Aries 74 heat pts74
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 HughyBaby said:
Didn't they legalize weed in California already? Why is this being announced??
Yeah they already voted to make it legal but I think it's just now becoming official.
 2 weeks ago '10        #9
Bandito 92 heat pts92
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 HughyBaby said:
Didn't they legalize weed in California already? Why is this being announced??
Just like here in Oregon, cities have the option to keep it illegal. L.A. just
made the descion to allow it.

But, you would know that if you read the article and not just the thread title.
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 2 weeks ago '17        #10
HughyBaby 3 heat pts
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 Aries said:
Yeah they already voted to make it legal but I think it's just now becoming official.
sh*t, I thought it was already in effect. I was walking out of mad weed spots in LA in July like
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 2 weeks ago '17        #11
HughyBaby 3 heat pts
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 Bandito said:
Just like here in Oregon, cities have the option to keep it illegal. L.A. just
made the descion to allow it.

But, you would know that if you read the article and not just the thread title.
True, I was gonna get to it when I had a chance to fully read it
 2 weeks ago '11        #12
Sin 1263 heat pts1263
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Wait California’s largest city didn’t have legal weed?

i thought it was legal in the entire state
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LostTenets slapped this ish
 
 2 weeks ago '14        #13
Dawknight316 2 heat pts
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Lets go NY....
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 2 weeks ago '16        #14
Jumpchambers 1 heat pts
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Dc next ��
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 2 weeks ago '17        #15
lucifershammer 1 heat pts
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yall need to be thinking how trump and his legion of doom is gonna try to stop this
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 2 weeks ago '12        #16
CaLis LEGACY 77 heat pts77
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Anyone have any insights in to how to get into this business
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 2 weeks ago '08        #17
d3athb4dishonor 5 heat pts
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 2 weeks ago '13        #18
Murker99 88 heat pts88
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 2 weeks ago '16        #19
Patagonia 70 heat pts70
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Ok
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 2 weeks ago '16        #20
silas 13 heat pts13
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