Los Angeles will emerge as the marijuana capital of the world. The financial industry has Wall Street, the tech industry has Silicon Valley, and the cannabis industry will soon have Los Angeles. No disrespect to Denver, but Los Angeles is about to come out of the shadows and steal the spotlight.By some estimates Los Angeles’s medical cannabis market is already worth close to $1 billion, larger than Colorado’s entire recreational market. Unfortunately, most of that business operates in the shadows today. But that is about to change.
“Unlike other places where cannabis is legal, Boston is within driving distance of many of the most populous places in America,” Dayton said. ‘This will make Boston the cannabis capital of the world in short order. This cannabis tourism will drive significant revenue, tax dollars, and job growth which will make legalization very attractive to neighboring states.”
“The Sacramento region should be to cannabis what Detroit is to automobiles in terms of both a center of innovation as well as production,” said Daniel Conway, who left his job as chief of staff to Sacramento Mayor and former NBA star Kevin Johnson to become Truth Enterprises’ managing partner. “This region has the ability to be to cannabis what Sonoma and Napa are to wine.”Centering some of that business in the Sacramento region would take advantage of the area’s proximity to farmland and agricultural processing facilities as well as such population hubs such as the San Francisco Bay Area and tourist destinations like Lake Tahoe and the Napa Valley….