The Los Angeles City Council took a big step Tuesday toward creating possibly the largest legal cannabis market in the United States, if not the world.
The council voted to develop a March ballot measure asking city voters to repeal a 2013 ordinance that both bans medical marijuana businesses and grants “limited immunity” from prosecution to 135 dispensaries, Reported in the L.A. news.
The move was proposed by an LA City Council President as The Cannabis Enforcement, Taxation and Regulation Act. If voters give thumbs up, the initiative would repeal Proposition D on July 31, 2018, and would hand cannabis industry regulatory authority to the council. Voters approved Proposition D three years ago.
Now the LA City Council president is open to increasing the number of legal medical marijuana dispensaries from 135 and may even support the licensing of MMJ delivery businesses, per L.A. Reports.
If the city council ultimately places a measure on the March ballot, it could compete with a parallel initiative by a Trade Alliance, that is a group of MMJ dispensaries that are compliant with Proposition D.The council is slated to revisit the topic before Nov. 9, according to reports. The measure also could tax cannabis organizations and crack down on unlicensed businesses.
The L.A. metro area contains thousands of cannabis-related businesses. In fact, there are approximately 1,500 MMJ collectives – most of which still operate in the black market.
Regulating and legitimizing the cannabis trade in L.A. could jump-start the biggest legal metro marijuana market worldwide. Many dispensaries risked raids even though they worked to oblige the regulated rules by the book. The city council acknowledged this and assisted the dispensaries who aided in raid of those operating without a license. They are now in-line to jump in the dispensary business in Los Angeles.
This news bodes well for many bud tenders as it will generate an abundance of new shops to work at. It also opens the door for automatic bud trimmers since suppliers will need to keep up with demand. And trimming machine rentals? Yep, we’ll see a big uptick on rentals as well.
Happy Trimming!
Michael Garay ~