Los Angeles is a bustling city with more than four million people and a large market for cannabis sales. Only the illicit market is much bigger than the legitimate one – with 189 licensed marijuana stores compared to literally hundreds of bootleg stores. The illegal outfits are able to freely funnel unregulated products to unsuspecting consumers, in large part because there are simply too few legal outfits ready to serve the LA pot market.
To add to the conundrum, president of the LA City Council has requested a do-over on issuing all new cannabis store licenses. This is likely to slow the city’s aim of getting more businesses operating legally, down even more so.