Marijuana Commerce Blossoms, But Challenges Abound
As marijuana prohibition falls in one state after another, cannabis sales are shifting from street corners to storefronts as opportunists line up to cash in on what optimists say is the biggest investment opportunity since the dot-com boom of the turn of the century.
Investors of all varieties are starting to look at marijuana as less of a stoner's fad and more of a serious business venture. The industry totaled $2.66 billion in U.S. sales in 2014, up 74 percent from $1.53 billion the year before, according to the ArcView Group, a cannabis industry investment network.
Business insiders said they expect the market to expand to many times its present size as more states legalize marijuana for both medical and recreational use.
Already the cannabis trade has not only brought in millions for dispensary owners and cultivators, it's also created a thriving ancillary market, driven job growth and boosted property values, marijuana advocates claim.
Unlicensed Marijuana Stores Grow Like Weeds in LA
LOS ANGELES -- Graffiti-tagged buildings, barricaded doors and iron-barred windows mark nearly every block of Avalon Boulevard as it cuts through the predominantly Hispanic neighborhood of Wilmington, 20 miles south of downtown Los Angeles.
The streets are lined with small mom-and-pop shops - clothing stores, a piñata shop, garages and small, family-owned restaurants - and a clutch of illegal medical marijuana dispensaries, some located within feet of each other.
Other nearby dispensaries are shuttered with signs announcing 'closed,' 'for lease' and 'for rent' - the result of the city's most recent attempts to close the door on L.A.'s robust illegal medical marijuana industry. But when one dispensary closes, it usually opens somewhere else, police say.
Passed by California voters nearly two decades ago, but absent statewide regulation, the legalization of medical marijuana has spawned a vast network of illegal dispensaries and wide disparities over how businesses are monitored across the state- if they are at all.
Black Mamba (Hybrid)
Black Domina x Blue Bubblejuice This hybrid outcross brings into play thick, potent, resinous Black Domina as the mother plant for the strain. Manicuring this one's round rubbery leaves proceeded in a halting fashion to allow for frequent washing the goo off of fingers. Copious resin production is the hallmark of this devastatingly potent strain, here mated with our homebred representitive selected for strength and aroma. Blue Bubblejuice is 50% Blueberry, 25% Juicy Fruit, and 25% Bubblegum, so then is a 3/4 sibling to famous Bubbleberry
Cannabis World Congress And Business Exposition Is Coming To L.A. Next Month
Woody OG (Indica)
- 191,446 Views Category: Odd
- 150,550 Views Category: Fun
- 140,068 Views Category: Culture
- 101,268 Views Category: Culture
- 99,942 Views Category: Culture
- 99,530 Views Category: Fun
- 80,209 Views Category: Culture
- 78,386 Views Category: Odd
- 70,279 Views Category: Fun
- 63,444 Views Category: Fun