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Newshawk: Jay Bergstrom
Pubdate: Sun, 1 Nov 2009
Source: Contra Costa Times (CA)
Copyright: 2009 Bay Area News Group
Contact:
Website: http://www.contracostatimes.com/
Details: http://www.mapinc.org/media/96
Author: Angela Woodall, Oakland Tribune
Bookmark: http://www.mapinc.org/find?253 (Cannabis - Medicinal - United States)
Bookmark: http://www.mapinc.org/find?420 (Cannabis - Popular)
Bookmark: http://www.mapinc.org/find?115 (Cannabis - California)
MARIJUANA LAWS SPUR SMALL BUSINESSES IN OAKLAND, ELSEWHERE
An incremental acceptance of medical marijuana has spurred a cottage
industry of business ventures -- from iPhone applications to lobbyists
- -- whose expansion shows no sign of slowing despite the recession. Instead, pot is the new growth industry.
The market began to take off in 1996, when California became the first
state to approve the sale of marijuana for medicinal purposes. Today,
medical marijuana sales in California are estimated at $700 million to
$2 billion per year. Profits from "canni-businesses" as a whole are
potentially much greater.
"It is a social movement with cash flow," said James Anthony, an
activist and attorney who has advised numerous dispensaries, of which
there are at least 2,100 nationwide, according to the National
Organization for the Reform of Marijuana Laws.
[Remainder snipped]
MAP posted-by: Richard Lake
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