News

Los Angeles Marijuana Industry Still In Turmoil As Second Licensing Round Begins

So far, the city has issued permits for 156 retail operations

Talk with a cross-section of entrepreneurs in the Los Angeles cannabis industry, and one consistent theme emerges: The market is in tumult, plagued by black-market operators, licensing delays and a social equity program that has yet to fully take shape.

That situation doesn’t seem likely to change soon, even with the start of the second round of L.A.’s marijuana business permitting that runs Aug. 1-30.

So far, the city has issued permits for 156 retail operations, all of which were grandfathered in as existing medical marijuana dispensaries.

Those 156 businesses now hold a cumulative 950 licenses for medical and adult-use retail, medical cultivation, microbusiness operations, manufacturing and distribution. L.A. regulators ultimately are expected to license about 1,200 businesses.

 

To Read The Rest Of This Article On MJ Biz Daily, Click Here

 

Stay up-to-date!

Get all the news and info straight into your inbox that you need to help grow your business.

To Top