If passed today by voters of Los Angeles, Measure M would help establish a basic framework for L.A.’s medical and adult-use marijuana industry, and create a pathway for licensing the largest marijuana industry in the entire world. This is important, as up until now no licensing in any industry category (dispensary, delivery, testing, manufacturing, cultivation, transportation/distribution) has existed in L.A. Licensing of delivery is particularly critical to support the city’s medical program, as it is estimated more than 15 percent of marijuana patients are unable to leave their homes or drive.
Local government regulation and licensing of all of these categories will bring about a responsible industry in L.A. Benefiting local communities and their law enforcement agencies, minorities and the workforce, the passage of Measure M (‘M’) could additionally help set the new national standard for medical and adult-use regulations. A potential paradigm change for the City of Los Angeles, ‘M’ would provide valuable resources for today’s underfunded police departments while denying cartels access to income from L.A.’s lucrative illegal market. Creating legitimate high paying jobs for L.A.’s workers, as well as after school and first responder programs; M would also pump new revenue into the perpetually depleted tax coffers of Los Angeles.
Saving Delivery in L.A.
Weedmaps spent the day with a delivery service to find out more about the impact they are having on the lives of medical cannabis patients throughout the county. Please don’t forget that a “Yes On M“ and “No On N“ will save delivery in Los Angeles.
The Golden State of legalization
- Cultivating New Taxes: On an annual basis, California and its many municipalities are anticipated to generate approximately $1 billion in new marijuana-related taxes. Of course, that projection is based on the state’s various counties and cities being able to work in a cohesive manner while avoiding overtly oppressive taxes that drive sales back to the cartels and the illegal market.
- Room for Growth: Total marijuana sales hit $56 billion for all of North America in 2016. Of that $56 billion, only $6.9 billion came from legal marijuana sales. For 2017, California’s legal marijuana industry is projected to generate approximately $7 billion.
- Historic Opportunity: Representing the fastest-growing industry since the eruption of the late 90’s dot.com phenomenon, the legal marijuana sector has created an estimated 123,000 jobs nationally. Of which, 43,000 marijuana-related jobs were created in California.
- High-Paying Jobs: 420 work pays off; $20.00 per hour on average. Approximately double California’s current minimum wage of $10 an hour.
L.A. and Measure M
Voter passage of Measure ‘M’ would grant the Los Angeles City Council the necessary power to issue local business permits, advance economic opportunity regardless of ethnicity and organize healthcare, education and youth empowerment programs. The measure works to safeguard diversity within the industry. Additionally, the city has committed to placing no cap on the number of marijuana licenses issued, and instead are relying on a zoning-based approach to granting licenses. This marks a step forward from the outdated model of cities attempted to set arbitrary caps on the numbers of businesses. Ensuring new licenses are not restricted to just those who are well connected and funded; M tackles the industry’s most perplexing issues in a collective manner. In a rapidly evolving business sector like marijuana, this synergistic approach to crafting new rules and regulations addresses issues that may germinate over time.
Effects of Measure M
- Elevated Dialogue: Measure M requires public hearings, where neighborhood councils, homeowners’ associations, law enforcement and the business community can participate in an open conversation.
- Educational Programs: Assists parents and teachers determine how to keep children from being exposed to advertising of marijuana products.
- Pot Shop Recommendations: Relies on planning and land use to determine dispensary placement in L.A., with the city aiming to issue a large number of licenses in an effort to reduce the size of L.A.’s large illegal market. The city has committed to no caps on licenses, subject to zoning review.
- Marijuana Business Guidelines: Sets tough fines and penalties for the illegal sale of marijuana, and empowers the city to close down any illegal operators by creating certainty and a regulatory framework for businesses to operate legally under the law.
Not alone on the March 7th ballot for voters consideration, Measure M will go head-to-head with another marijuana initiative, Measure N. However, unlike M – where the City Council crafts the rules – Measure N would drastically limit the size of the industry in L.A. and favor a limited cap on dispensaries. Potentially creating a schism between the voters of L.A. and a marijuana monopoly of 135 dispensaries, the original backers of Measure N opted to “abandon” N, which is a good thing according to the Los Angeles Times.
As the Trump administration threatens “sanctuary cities” with the loss of federal funding and California prepares to run a $1.6 billion budget deficit for fiscal 2017, Measure M seems like a rather unique opportunity to secure a new revenue stream for L.A.’s empty tax coffers. Stand up and be counted voters of Los Angeles, help meet the city’s growing law enforcement, educational, technological and infrastructure requirements by turning out at the polls today and voting “yes on ‘M’.”