MJBizMag January 2023 - 21

INDUSTRY DEVELOPMENTS
California
Voters approved 12 local ballot measures in the 2022 midterm elections to create or expand retail
cannabis markets in a dozen California municipalities, with most of the gains centered in Los Angeles
and San Diego counties.
The wins will translate to more than 70 new retail licenses and countless other business
opportunities for plant-touching and ancillary companies serving those retailers.
By contrast, six municipalities rejected pro-cannabis ballot measures.
L.A. County alone could create 25 retail licenses after voters in the nation's most populous county
widely approved taxing marijuana businesses in unincorporated areas, including a 6% tax on gross
retail receipts.
In San Diego County, the country's fifth-most-populous county, voters approved a tax measure that
could lead to more than 20 new retail licenses. Measure A included a 6% sales tax for retailers.
Voters in Orange County approved cannabis business tax measures in Huntington Beach and Laguna
Woods, which could create 10 retail licenses in Huntington and one in Laguna Woods.
Santa Monica voters approved a city-led ballot tax initiative that included a 3% tax on nonmedical
cannabis retailers, a 2% tax on medical cannabis retailers and a 1% tax on other licensed cannabis
businesses, with a maximum of 10% gross tax pending city council approval.
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MJBizMag January 2023

Table of Contents for the Digital Edition of MJBizMag January 2023

MJBizMag January 2023 - 1
MJBizMag January 2023 - 2
MJBizMag January 2023 - 3
MJBizMag January 2023 - 4
MJBizMag January 2023 - 5
MJBizMag January 2023 - 6
MJBizMag January 2023 - 7
MJBizMag January 2023 - 8
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MJBizMag January 2023 - 11
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MJBizMag January 2023 - 14
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MJBizMag January 2023 - 18
MJBizMag January 2023 - 19
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MJBizMag January 2023 - 40
MJBizMag January 2023 - 41
MJBizMag January 2023 - 42
MJBizMag January 2023 - 43
MJBizMag January 2023 - 44
MJBizMag January 2023 - 45
MJBizMag January 2023 - 46
MJBizMag January 2023 - 47
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MJBizMag January 2023 - 49
MJBizMag January 2023 - 50
MJBizMag January 2023 - 51
MJBizMag January 2023 - 52
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