Recreational cannabis has become a major industry in California.
The price of cannabis in California has become an immediate hiccup that has initially angered consumers, reducing expected demand and state revenues.
The effective sales tax on a gram of cannabis bought in San Jose works out to a hefty 38%.
If the state of California were a country, it would have the fifth largest GDP in the world.
Take this kind of spending power and combine it with the recent legalization of recreational cannabis, and it's fair to say that the Golden State is primed to become the Holy Grail of cannabis opportunities.