LOS ANGELES — California’s legal marijuana market is finally, fitfully, taking shape.
The state issued the first batch of business licenses to sell and transport recreational-use pot, just 18 days before legal sales will begin on Jan. 1.
The 20 temporary licenses — some of which were for the previously existing medical marijuana industry — represent a fraction of the thousands of licenses expected to follow, but their release set off jubilation.
“I couldn’t be more excited,” said Jordan Lams, CEO of Moxie whose parent-company Pure CA received the first distributer license.
At Torrey Holistics in San Diego, Tony Hall credited his business background and detailed application with helping land the first license for a retail shop to sell recreational pot. The store, which has two certified public accountants, a chief financial officer and marketing director, submitted a 60-page lease, diagrams and a detailed business plan