In the weeks and months ahead, county and local officials will be taking steps to implement medical and recreational marijuana regulations, including cannabis farming.
In the last 16 months, the state has enacted two laws that create a legal path forward for commercial cannabis farming – the Medical Cannabis Regulation and Safety Act, and the Adult Use of Marijuana Act. The state is scheduled to issue its first licenses in January 2018.
While that’s hopeful, farmers still need zoning approval from the county – or any local jurisdiction – before they can apply for a state license. In effect, the supervisors are holding the keys an economic muscle car. The question is: Can we convince them to turn the key?
There’s a lot at stake, and not just for farmers.
Under the law, jurisdictions that give the industry a path toward legitimacy will be eligible for more state tax revenues than those that don’t. In addition, communities that bar cannabis will receive virtually no additional local revenues because they will have no farms or other cannabis businesses to tax.
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Uhh... I'm not getting it here...This is just an agricultural business like any other. The real economic questions are:
1. Is there a market? With prices for MJ going down (can somebody substantiate this?) because it is legal, is that supposed to free up money to be spent on other things? Or just more MJ?
2. Are people really going to spend more of their disposable income on this form of entertainment? (Isn't that all drinking and smoking is?) For the market to "grow", you need to take money away from something the customer else is spending money on today and divert it to the growing market. So, are people going to buy less beer, mixed drinks, and tobacco and instead by MJ? So does this pit SD's microbrews against SD's MJ growers?
3. How many more people could this really employ? Do we have the agricultural land to grow more or are we just trading strawberry fields for MJ fields?
4. The real way the economy grows is when some sector gets more efficient (e.g. food gets cheaper) and we spend our money on something else (e.g. cable TV or cell phones). What is getting cheaper that allows people to spend their money on a "new" product?
5. Is SD positioned uniquely to grow the produce (e.g. avocados) better than another part of the country? What is our advantage? It is certainly not water or land prices.
Sounds like hype (smoke?) not substance...
Another revenue & job creating industry. Keep it going, I say!
The advancement of cannabis and it's extract(s) and the possibility of new medical applications is something that may fit well in San Diego's life science industry pursuits.
Sure, folks still use cannabis the way many understand it - smoking, or otherwise ingesting it and getting high. That'll never change.
Booze is hyper-prevalent as are tobacco products and not much has been proven to show these to have many redeeming or profound medical uses except for "getting high".
Good for the cannabis folks.
Shouldn't San Diego wait and see what the Department of Justice does regarding marijuana before continuing to invest in the industry? Jeff Sessions, if he is confirmed as Attorney General, is not a fan of letting states flout federal law and legalize marijuana.
@Sean M did we read the same article? the article is about outdoor growing right?