What the cannabis industry looks like now and what it might look like in the future

From a local cannabis dispensary owner’s viewpoint Since Nov. 16, 2016, when California voters legalized recreational cannabis through Proposition 64, much has changed. Millions of dollars from state, county, and city excise taxes from California’s newest agricultural and retail businesses have enriched many of those government agencies.Yet, many young entrepreneurs who quickly latched onto that new enterprise today are finding their profits have greatly diminished or are almost nil with the advent of big corporations who have taken advantage of the industry – particularly in its medicinal fields. The result in Southwest Riverside County is evident with many local cannabis dispensaries having to close or move to less taxed areas.Those moves have not only cost local cities mi