To hear Troy Dayton tell it, California is on the brink of a gold rush — or, more specifically, a green rush. While insiders are working behind the scenes to put the question of recreational marijuana to voters on the November ballot, investors and business owners throughout the Golden State are getting ready to jump into the recreational pot business.
That business could be very, very big. Medical marijuana infuses $2.7 billion a year into the California economy, and market watchers expect the pot economy to more than double if California voters legalize adult use this fall.
"California is responsible for half of all legal cannabis sales in the United States," says Dayton, chief executive officer of the investment and market research firm ArcView Group, which publishes the report "The State of Legal Marijuana Markets" and represents 500 high-net-worth individuals who have invested $70 million in the cannabis sector.
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David Futch ~ LA Weekly ~
