The November election offers the prospect that California’s legal cannabis industry footprint could expand significantly, depending on a couple of dozen local ballot measures.
According to research by Hirsh Jain, government affairs director at San Jose-based retailer Caliva, and California NORML Deputy Director Ellen Komp, at least 26 localities across California will have pro-marijuana initiatives on the ballot.
Jain estimates those measure could result in as many as 150 new business permits being made available to the industry.
“You could credibly say like 100 or 150 licenses will result … within months of these passing,” Jain said, noting the election could have a “staggering impact” on the legal industry, including roughly 50 retail permits that could be awarded.
Published: August 07, 2020