Legal Weed Hurts Prognosis for California Medical Pot Market

For many Californians, illegality hasn't been much of an impediment to getting marijuana.

Posted: Dec 28, 2017 7:05 AM

LOS ANGELES (AP) - For many Californians, illegality hasn't been much of an impediment to getting marijuana.

In the two decades since the state approved medical marijuana, it was an open secret that if someone was 18, they wouldn't have to look very hard to find a doctor to write a prescription for a real or imagined health issue requiring marijuana.

Now, with weed becoming legal for recreational use, that charade will end for many, and the medical marijuana industry could take a big revenue hit.

A study published this year by the University of California Agricultural Issues Center says revenue from the sale of medical marijuana is expected to drop from an estimated $2 billion in 2016 to about $1.4 billion next year.

The study says the legal sale of recreational marijuana should bring in more than $5 billion as recreational pot captures about 62 percent of sales while the black market retains about 30 percent.

Article Comments

Medford
Overcast
55° wxIcon
Hi: 64° Lo: 48°
Feels Like: 55°
Brookings
Few Clouds
53° wxIcon
Hi: 60° Lo: 55°
Feels Like: 53°
Crater Lake
Overcast
47° wxIcon
Hi: 56° Lo: 38°
Feels Like: 47°
Grants Pass
Overcast
54° wxIcon
Hi: 67° Lo: 52°
Feels Like: 54°
Klamath Falls
Overcast
47° wxIcon
Hi: 58° Lo: 33°
Feels Like: 47°
Damp Workweek
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events

Latest Video

Image

Sunday, September 15 evening weather

Image

Sunday, September 15 morning weather

Image

Saturday, September 14 evening weather

Image

Raiders suffer 3rd straight loss

Image

Beavers earn first victory of 2019 season

Image

Saturday, September 14 morning weather

Image

Friday Night Blitz Week 2: Scores and Highlights

Image

Friday, September 13th Overnight Weather

Image

Friday, September 13 evening weather

Image

Fremont winema burn