New Medical Marijuana Law in Los Angeles Implicates That it Will Move Towards Shutting Down Nearly 70 percent of Dispensaries
Dispensary operators anticipate major loss, while roughly 135 dispensaries that were open before the 2007 moratorium are allowed to continue operating to capture the LA MMJ marketplace if they meet the new regulations. Dozens of Cannabis industry-related companies, ancillary businesses and dispensary locator websites also anticipate loss of business.
LOS ANGELES, Calif. – Yesterday, the citizens of Los Angeles voted to regulate medical marijuana by voting to pass Proposition D, one of three medical marijuana regulation measures on the ballot. The Proposition received 62.57% of the vote. Proposition D caps the number of collectives at those who opened prior to 2007, about 130, raises the gross receipts tax from $ 50 to $ 60 per $ 1000 of gross receipts, and establishes the distances they must keep from schools, parks, one another and residential neighborhoods. It also requires that collectives be closed between 8 p.m. and 10 a.m., prohibits the consumption of marijuana on the premises and requires background checks on managers.