California is on the verge of creating a legal market for marijuana worth more than $5 billion that will help make the state a destination for pot-loving tourists, according to a new state-sponsored economic study.
Californians currently spend $7.7 billion annually on marijuana, most of it on the illegal market, but a new licensing system coming in January is expected to create a vast new legal market..
Source: Legal marijuana could be a $5-billion boon to California’s economy – LA Times
