California offers $100 million to rescue its struggling legal marijuana industry Patrick McGreevy © (Al Seib / Los Angeles Times) Marijuana-growing businesses would get help in meeting environmental review requirements for state licenses under a $100-million proposal by Gov. Gavin Newsom that has been supported by legislative leaders. (Al Seib / Los Angeles Times)
The California Legislature on Monday approved a $100-million plan to bolster California’s legal marijuana industry, which continues to struggle to compete with the large illicit pot market nearly five years after voters approved sales for recreational use.
Los Angeles will be the biggest beneficiary of the money, which was proposed by Gov. Gavin Newsom to be provided as grants to cities and counties to help cannabis businesses transition from provisional to regular licenses.
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