California Legalization Could Bring Unexpected Changes
Indoor Marijuana Growhouses Planned, but Outdoors Could Prove More Cost-Effective
What kind of changes will California legalization bring to the cannabis industry? Some key players see this more as a natural part of “the movement” and look to continue helping companies navigate the regulatory process while seeding innovative new businesses. Seasoned Los Angeles players see it opening up investment in the Golden State, which they contend has always been the king of cannabis. Others forecast a seismic change in cultivation practices as the Central Valley gets involved.
Colorado Expansion
Patrick Rea of Canopy Boulder, the leading seed-stage cannabis business accelerator, sees legalization in California as an important step for federal approval. Instead of engaging in regional bias, he welcomes influential leaders in every state. “We don’t see this hurdle as crossing the finish line. The industry is just finally getting to the starting line.”
