https://www.vox.com/policy-and-poli...-legalization-california-vermont-january-2018
Yep, the smoke is definitely out of the bong water.
According to state estimates, more than 400 businesses were licensed as of January 1. Since then, and despite Sessions’s new marijuana policy, more cities — including Los Angeles, the most populous in California — began letting businesses sell cannabis for recreational use, adding dozens more approved licenses to the state’s total.
The growth is expected to continue. GreenWave Advisors, a cannabis financial analyst, estimated that California’s industry could be worth $5.1 billion in 2018. One report from researchers at the investment bank Cowen estimated that legalization in California alone would triple the size of the nation’s legal pot industry within a decade.
Yep, the smoke is definitely out of the bong water.