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In California weed news, pot-related businesses are booming in anticipation of weed becoming legal for recreational use next year. The legalization for recreational marijuana in California passed by more than 80 percent in the 2016 election.
While cities struggle to figure out how to regulate marijuana businesses are figuring out how to make money with it. The marijuana industry had more than $7 billion in legal sales in 2016. CNN Money reported that the market is expected to bring in more than $21 billion by the year 2020, with Forbes putting estimates at $40 billion. It is the fastest-growing industry in the country, and a variety of businesses are coming up with innovative ways to enter into the marijuana market.
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