Dec 6 - Breaking News: LA legalizes recreational marijuana

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 7 months ago '05        #1
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phantomnation 2468 heat pts2468
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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"

 7 months ago '05        #2
Quddus 12 heat pts12
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$15,889 | Props total: 7298 7298
about time
Prad Bitt and 3 others gave props
 
 7 months ago '07        #3
timdog 1000 heat pts1000
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@

HughyBaby and 27 others gave props
 
awww and 1 others slapped this ish
 
 7 months ago '05        #4
ogballer32 434 heat pts434
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well if people need a light in LA then they can just go outside since the city is on fire
HughyBaby and 16 others gave props
 
Mr Scaramucci and 3 others slapped this ish
 
 7 months ago '16        #5
theplayer 
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$2,942 | Props total: 8365 8365
Business is booming next year.
Smart people got on that wave early gonna make a k!lling
HughyBaby and 4 others gave props
 
 7 months ago '06        #6
J_Teflon 1 heat pts
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Mr Scaramucci gave props
 
 7 months ago '17        #7
HughyBaby 16 heat pts16
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Didn't they legalize weed in California already? Why is this being announced??
Sin and 6 others gave props
 
 7 months ago '14        #8
Aries 80 heat pts80
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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.
 7 months ago '10        #9
Bandito 99 heat pts99
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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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 7 months ago '17        #10
HughyBaby 16 heat pts16
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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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 7 months ago '17        #11
HughyBaby 16 heat pts16
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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
 7 months ago '11        #12
Sin 1559 heat pts1559
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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
 
 7 months ago '14        #13
Dawknight316 2 heat pts
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Lets go NY....
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 7 months ago '16        #14
Jumpchambers 1 heat pts
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Dc next ��
RatedQue and 1 others gave props
 
P Glizzy slapped this ish
 
 7 months ago '17        #15
lucifershammer 4 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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 7 months ago '12        #16
CaLis LEGACY 82 heat pts82
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Anyone have any insights in to how to get into this business
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 7 months ago '08        #17
d3athb4dishonor 5 heat pts
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 7 months ago '13        #18
Murker99 89 heat pts89
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 7 months ago '16        #19
European 99 heat pts99
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Ok
messy marv stan and 2 others slapped this ish
 
 7 months ago '16        #20
silas 16 heat pts16
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