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Recreational cannabis use becomes legal in California | Recreational cannabis use becomes legal in California |
(about 13 hours later) | |
California has become the largest state in the US to legalise recreational cannabis use. | California has become the largest state in the US to legalise recreational cannabis use. |
As of 1 January 2018, adults aged over 21 can possess up to an ounce (28 grams) of the drug and can grow up to six marijuana plants at home. | As of 1 January 2018, adults aged over 21 can possess up to an ounce (28 grams) of the drug and can grow up to six marijuana plants at home. |
Opponents say the law will lead to more driving under the influence of the drug and introduce young people to drug use. | Opponents say the law will lead to more driving under the influence of the drug and introduce young people to drug use. |
But business is eyeing what could be an industry worth tens of billions of dollars in the next few years. | But business is eyeing what could be an industry worth tens of billions of dollars in the next few years. |
'First years will be a mess' | 'First years will be a mess' |
Californians voted in favour of Proposition 64 legalising cannabis 14 months ago, in a poll that took place alongside the US presidential vote. | Californians voted in favour of Proposition 64 legalising cannabis 14 months ago, in a poll that took place alongside the US presidential vote. |
Since then, a complicated patchwork of taxes and regulations has been drawn up to govern sales of the drug. | Since then, a complicated patchwork of taxes and regulations has been drawn up to govern sales of the drug. |
Critics say the red tape will discourage consumers, growers and retailers from leaving the state's vast black market and only a few dozen shops have so far been approved to open. | Critics say the red tape will discourage consumers, growers and retailers from leaving the state's vast black market and only a few dozen shops have so far been approved to open. |
The cities of Los Angeles and San Francisco have yet to sanction any recreational marijuana outlets. | The cities of Los Angeles and San Francisco have yet to sanction any recreational marijuana outlets. |
"The first year, two years are going to be a mess," as cities agree their own regulations and supply and demand is established, Troy Dayton told AFP news agency. | "The first year, two years are going to be a mess," as cities agree their own regulations and supply and demand is established, Troy Dayton told AFP news agency. |
He is the CEO of Arcview, a company that analyses the global cannabis market. He predicted there could be "crazy fluctuation in price over the first year or two". | He is the CEO of Arcview, a company that analyses the global cannabis market. He predicted there could be "crazy fluctuation in price over the first year or two". |
Cannabis: Promise, risk and controversy | Cannabis: Promise, risk and controversy |
Cannabis and vaping more popular than smoking among US teens | Cannabis and vaping more popular than smoking among US teens |
The cops and politicians joining Canada's cannabis business | The cops and politicians joining Canada's cannabis business |
Nonetheless, the potential rewards are huge in the US's wealthiest and most populous state. | Nonetheless, the potential rewards are huge in the US's wealthiest and most populous state. |
In 1996, California was the first state to legalise marijuana for medicinal use. | In 1996, California was the first state to legalise marijuana for medicinal use. |
But Arcview estimates the illegal cannabis market is currently worth an annual $5.1bn (£3.8bn) and once legalised could be worth $5.8bn by 2021. | But Arcview estimates the illegal cannabis market is currently worth an annual $5.1bn (£3.8bn) and once legalised could be worth $5.8bn by 2021. |
Legal buyers in the newly created "adult use" market will also now have to pay state, sales and municipal taxes which it is estimated will generate $1bn per year. | Legal buyers in the newly created "adult use" market will also now have to pay state, sales and municipal taxes which it is estimated will generate $1bn per year. |
They will be prohibited from consuming the drug in public places, with 1,000 feet (300m) of a school or while driving. | They will be prohibited from consuming the drug in public places, with 1,000 feet (300m) of a school or while driving. |
Eight US states - Colorado, Washington, Oregon, Alaska, Maine, Massachusetts, Nevada and California - have now legalised recreational and medicinal marijuana. | |
Despite this, the federal government still regards marijuana as illegal, classifying it alongside heroin and cocaine as a proscribed substance. | Despite this, the federal government still regards marijuana as illegal, classifying it alongside heroin and cocaine as a proscribed substance. |
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