To hear Troy Dayton tell it, California is on the brink of a gold rush — or, more specifically, a green rush. While insiders are working behind the scenes to put the question of recreational marijuana to voters on the November ballot, investors and business owners throughout the Golden State are getting ready to jump into the recreational pot business.

That business could be very, very big. Medical marijuana infuses $2.7 billion a year into the California economy, and market watchers expect the pot economy to more than double if California voters legalize adult use this fall.

"California is responsible for half of all legal cannabis sales in the United States," says Dayton, chief executive officer of the investment and market research firm ArcView Group, which publishes the report "The State of Legal Marijuana Markets" and represents 500 high-net-worth individuals who have invested $70 million in the cannabis sector.

Click here to read the complete article

David Futch ~ LA Weekly ~

Recent News Articles

Friday August 23

Napa County Ballot to Include Initiative for Commercial Cannabis Cultivation

in U.S. News

by Mike Fuller

Will wine tasters be set off their cabernet sauvignon should Napa County decide to allow…

181 hits

Saturday August 24

California Says Its Cannabis Revenue Has Fallen Short Of Estimates, Despite Gains

in U.S. News

by Mike Fuller

California's cannabis excise tax generated only $74.2 million in the second quarter of 2019, the…

149 hits

Saturday August 24

CBD Companies Positioning Themselves For Cannabis Legalization

in Cannabis News

by Mike Fuller

Recreational cannabis use is illegal in the majority of US states, but the relaxation of…

591 hits

Monday August 26

DEA Announces It Will Finally Take Action On Marijuana Grower Applications - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

The Drug Enforcement Administration (DEA) announced on Monday that is is taking steps to expand…

124 hits

Monday August 26

How much pot in that brownie? Chocolate can throw off tests - Cannabis News

in Science

by Bruce Kennedy - Editor in Chief

Chocolate can throw off potency tests so labels aren’t always accurate, and now scientists are…

142 hits