Hollyweed: Legal Pot Gains Foothold in Rich California Market

Hollywood is on its way to becoming Hollyweed: The city of Lynwood is the first in Los Angeles County to start negotiating with licensees who would grow, manufacture and deliver pot.

As the most populous county in the most populous state, Los Angeles is a major play as the cannabis industry gains a wider ability to sell the drug for recreational use. Voters in California — along with those in Nevada, Maine and Massachusetts — legalized it in November. The $6 billion U.S. industry is expected to reach $50 billion by 2026, according to investment bank Cowen & Co.

Lynwood is kick-starting the momentum. Its city council this week granted preliminary approval to 13 applicants for commercial cannabis cultivation and manufacturing, according to a statement from the mayor. The groups each must negotiate individually with Lynwood on terms and conditions for their operations, and must demonstrate clean backgrounds and financial security.




Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!