It was six hours past midnight, but the crowd inside the Berkeley Patients Group counted down the seconds.
“Happy new year,” they yelled at precisely 6 a.m. Monday as a cashier rang up the cost of three joints, a $45.37 purchase representing one of the first recreational marijuana sales in the state.
The moment marked the beginning of a new industry in California, one that’s heavily regulated and taxed, with revenue reaching several billion dollars per year.
The day has been long anticipated by cannabis advocates who pushed for voters to pass Proposition 64 in November 2016, largely decriminalizing marijuana and allowing for the commercial sale of products to adults 21 or older. Read More…
It was six hours past midnight, but the crowd inside the Berkeley Patients Group counted down the seconds.
“Happy new year,” they yelled at precisely 6 a.m. Monday as a cashier rang up the cost of three joints, a $45.37 purchase representing one of the first recreational marijuana sales in the state.
The moment marked the beginning of a new industry in California, one that’s heavily regulated and taxed, with revenue reaching several billion dollars per year.
The day has been long anticipated by cannabis advocates who pushed for voters to pass Proposition 64 in November 2016, largely decriminalizing marijuana and allowing for the commercial sale of products to adults 21 or older. Read More…
