Loading...
You are here:  Home  >  Calendar >  Recreational Pot Sales Start Monday; High Prices Predicted at First

Recreational Pot Sales Start Monday; High Prices Predicted at First

By   /  December 30, 2017  /  No Comments

    Print    

Adults 21 and older can legally buy marijuana for personal use and grow up to six plants, starting Jan. 1. The minimum age for medical marijuana remains 18.

SACRAMENTO, Calif. – Starting next week, Californians aged 21 and older will legally be able to buy marijuana for recreational purposes – no medical marijuana card required.

The state will begin licensing the producers, distributors and storefronts – but there won’t be a pot shop on every block because cities and counties will have their own set of rules so it could take months for many shops to be up and running.

Dale Gieringer, director of Cal NORML, says this is a whole new era of personal freedom in the Golden State.

“Well, it’s huge for California,” he says. “This is the real end of Prohibition in the sense that we’re going to actually have stores where marijuana is treated more or less like alcohol.”

Cannabis was first banned in California in 1913. Voters legalized medical marijuana in 1996. With the passage of Prop 64 last year, possession of recreational marijuana became legal – and now consumers will be able to stroll into a store and buy it.

Gieringer says the prices will be high at first because recreational marijuana is much more highly regulated compared with medical pot.

“So now we’re going to have very tight regulations over every phase of the market from seed to sale,” he explains. “Every gram is going to be traced, taxed, tested, and this is going to pose a lot of costs on the market.”

He says he expects the black market to continue to flourish, by some estimates accounting for more than 30 percent of sales, as long as legal marijuana costs significantly more than street value.

University of California Agricultural Issues Center estimates that the legal market will be worth $5 billion.

    Print    

Do you want more news like this? We're supported by our subscribers and readers!

  • Published: 6 months ago on December 30, 2017
  • By:
  • Last Modified: December 30, 2017 @ 11:23 am
  • Filed Under: State and National

About the author

Founder

Leave a Reply

Your email address will not be published. Required fields are marked *

You might also like...

Two California Communities Rank in Top Ten For Livability – English & Spanish

Read More →