California Businesses Seeing Green in Legal Marijuana and Prop. 64

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Rows of cannabis plants grow in the twenty thousand square foot greenhouse at Vireo Health's medical marijuana cultivation facility, August 19, 2016 in Johnstown, New York.  (Photo: Drew Angerer/Getty Images)

Cannabis industry research firms predict that if legalized, California's marijuana industry will grow to nearly six and a half billion dollars by 2020. In preparation, Silicon Valley money is pouring into cannabis industry startups. But many existing small pot businesses worry they'll be squeezed out of the industry by bigger players. Forum discusses the likely winners and losers in the battle for marijuana revenue, how legalization could change California's economic landscape and the challenges of taxing and regulating recreational pot.

More Information:

Humboldt’s Pot Economy Braces for Possible Legalization (Forum archives)


David Downs, writer, "Legalization Nation," East Bay Express; author, "The Medical Marijuana Guidebook: America's First How-To Guide for Patients and Caregivers"

Beau Kilmer, co-director, RAND Drug Policy Research Center; co-author, "Marijuana Legalization: What Everyone Needs to Know"

Emily Paxhia, co-founder and managing director, Poseidon Asset Managment, a cannabis dedicated investment fund

Nate Bradley, executive director, California Cannabis Industry Association

Don Bessee, executive director, Smart Approaches to Marijuana