According to a recent news article from Bloomberg, local municipalities are putting the finishing touches on their local regulation of recreational marijuana sales. Industry experts believe that areas with more successful medical marijuana businesses are likely to also have top recreational marijuana businesses.
As discussed in this article, Los Angeles, San Francisco, and Alameda rank at the top of this list in terms of medical marijuana sales with Los Angeles being the highest on the list. With the medical marijuana business growing to this level over the past two decades, tax revenues have grown, as well, and this is part of the reason for the community support we are seeing for the legalization of recreational marijuana. Continue reading