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As most everyone in California knows, beginning January 1, recreational marijuana is available for purchase by anyone 21 years or older.
According to The Recorder, a study from the University of California Agricultural Issues Center at UC Davis, estimated the state’s recreational marijuana sales could reach $5 billion a year, though other studies are estimating $100,000 million for the first year. Either way – it is going to be a huge economic boom. We’re calling it the new Pot Com.
Companies are also prepping for the inevitable regulations that will come with legalized marijuana and marijuana is about to become big business. That comes with large legal departments and legal services provided by attorneys at all sizes of firms and in a variety of legal specialties, as we have said before.
You can get the latest story from The Recorder here.
Also, if you are interested in learning more about the legal aspects of the cannabis industry, be sure to check out our recorded seminar Marijuana Law and Practice 101 held in California in 2017.