California Gone to Pot
Some like it, some hate it, but owning 1 oz. of marijuana is now legal in California. Fortune magazine and the business world look at this new development from the perspective of revenue and economic impacts for the 6th largest economy in the world (California). Desert Hot Springs and dozens of California cities hired consulting firms to help craft regulations for a potential new industry before the Nov. 8, 2016 election approved legalization by the majority of California voters.
HdL (hdlcompanies.com) is one California-based company that’s been especially busy working with cities “to maximize client revenues” through its Marijuana Consulting Services department. Can “pot” overtake the wine industry in years to come? It has a potential to do so — but it is no secret that every city in California is examining their laws and business environments to deal with the change in regulations.
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