California cities, counties OK pro-cannabis measures, paving way to scores of new licenses
Marijuana Stocks, Finance, & InvestingUncategorized November 10, 2020 MJ Shareholders
Election Day not only ushered in marijuana legalization wins in five states, it also brought more than two dozen victories at the city and county levels in California, opening the door to new local markets for cannabis businesses up and down the state.
All told, there were at least 37 marijuana ballot questions in 35 cities and counties, according to tallies by California NORML and San Jose-based retailer Caliva.
Of those initiatives, 31 were approved by voters, potentially setting the stage for perhaps hundreds of new business opportunities.
Caliva’s director of government affairs, Hirsh Jain, said he stands by a prediction he made in August that together the measures could result in 100-150 new retail licenses as well as permits for cultivation, manufacturing and other plant-touching business types.
Read More
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers