Friday, October 7, 2011

California Pot-Clinic Crackdown Threatens $1 Billion Industry - Businessweek

California Pot-Clinic Crackdown Threatens $1 Billion Industry - Businessweek: "Oct. 7 (Bloomberg) -- A U.S. Justice Department crackdown aimed at the landlords of California’s medical-marijuana dispensaries threatens an industry that, by state estimates, generates as much as $1.3 billion in annual sales.

In Los Angeles alone, there were 638 dispensaries last year before a city restriction forced many to close, according to a Rand Corp. study Sept. 21. The state health department has issued medical marijuana identification cards to almost 57,000 people since 2004, though the cards aren’t required."

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