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Old 11-02-2009, 04:40 PM
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US CA: Marijuana Laws Spur Small Businesses in Oakland
Contra Costa Times, 01 Nov 2009 - An incremental acceptance of medical marijuana has spurred a cottage industry of business ventures -- from iPhone applications to lobbyists - -- whose expansion shows no sign of slowing despite the recession. Instead, pot is the new growth industry. The market began to take off in 1996, when California became the first state to approve the sale of marijuana for medicinal purposes. Today, medical marijuana sales in California are estimated at $700 million to $2 billion per year. Profits from "canni-businesses" as a whole are potentially much greater.

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