The City of Los Angeles Has Racked Over 2 Million in Permits to Sell Marijuana

The city of Angels has made over $2.35 million from companies applying for temporary permits to sell recreational marijuana.

The revenue is for the application fees by itself, 112 marijuana business received short-term license to sell marijuana in the city. Less than half that was approved also obtained a separate state license needed to sell bud in the city. 47 businesses in total are now licensed by the state and city to sell recreational use in the city of LA.

Los Angeles city officials estimated that recreational sales will generate over $100 million in tax revenue yearly. Marijuana business taxes will not be fully collected until July 2018, but those funds, along with the money brought in through the application fees.

Buyers are seriously facing plenty of additional fees. Here are where all of the fees are going:

State Collects 15% excise tax on recreational marijuana sales.
The city of LA is also implying a separate 10% business tax.
That is on top of the countrywide 9.5% sales tax.


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Marijuana Company Is Hitting The Stock Market

Cronos Group will become the very first marijuana company to trade on a major US stock exchange.

The company owns and operates businesses that are licensed to grow and sell weed in Canada, where medical marijuana is completely legal.

According to Cronos Group’s CEO Mike Gorenstein, the listing could show governments and investors that the legal marijuana industry has arrived.

Cronos Group, a huge Canadian company that’s like Proctor & Gamble for marijuana products, has received approval from the Securities and Exchange Commission to start trading on the Nasdaq.

The Company is based on Toronto and plans to list in the stock market under the symbol “CRON” as early as February 26.

This is a big milestone for the marijuana industry. Cronos Group will become the first company that grows and sells marijuana to list on a US stock exchange. American companies that process the plant have been sidelined because marijuana is still federally illegal. But Cronos Group got themselves approved.

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Buy Edibles Online So You Don't Have Make Line

NO more lines

NO more driving around looking for the hidden dispensaries.

NO more parking (Especially in LA).

Order your weed, as if you were to place an order on Amazon.com

Buying Edibles online has gotten too easy. Many marijuana patients and regular recreational marijuana users are skipping all lines and getting their marijuana right at their door. Thre are cannabis shops are taking it to the next level.

In Los Angeles, there are many dispensaries that deliver on a regular basis. Herb is one of the marijuana shops that delivers in the Los Angeles area. You are able to pick and choose the marijuana products that you would like without having to use a doctors recommendation. As long as you are 21 and over, you are able to place your order. You can pick and choose the products that you would like to consume.

They have the Flower (marijuana) itself for sale. They sell it by the strain and weight that you would like to choose from. You have the chance of choosing the type of strain such as Indica, Sativa, Hybrid, or high on CBC. Click here to see the great benefits you get out of consuming certain strains. There are many marijuana smokers that consider the strain in order to see what works for them the best.

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