California City- Last week the national media announced that for the first time Colorado topped $10 Million Dollars in Cannabis revenue IN ONE MONTH.
Last Thursday nights Town Hall meeting at the Arts and Community Building introduced the city to the latest batch of MMJ applicants from Round 2 of that process. In the first round, the city granted 32 applicants permits for everything from cultivation to manufacturing to transportation and distribution, etc.
This round there were 100 more applicants.
A staggering increase over the first round and certainly a sign of the times, the building was at near capacity simply to seat all the applicants and a good swath of the city’s residents. Many residents showed up to hear what the applicants had to say about their business plans, and pointedly how many jobs they planned to offer to local residents. Another question for many is what civic benefits the companies plan to enact here in Cal City to aid in the improvement of the city which all have said they seek to do.
City Manager Tom Weil (who has overseen the city’s entrance into the MMJ industry), hosted the forum in which the applicants representatives addressed the residents in sequence about those questions and more. The results are also staggering.
Many of the second round applicants are in fact also from the first round seeking to increase their licenses and scope of operations. All seek to get rich quick in the new ‘Gold Rush’ industry taking the U.S. by storm. Listening to their backgrounds, one quickly realizes that this is exactly like the gold rushes of times past. Many of the applicants come from unrelated backgrounds and are jumping into the new business seeking their fortunes. There are lawyers, real estate brokers, fund investors, construction