In November California voters will go to the polls and one of the issues they’ll decide on is recreational marijuana legalization. The measure, now officially dubbed Proposition 64, would legalize cannabis possession for all adults up to an ounce and would also allow for adults to grow 6 plants at home.
The legal marijuana industry is booming, but it has a problem, a problem that grows along with its success: cash.
Because of federal law, banks don’t want to touch the cash made by legal cannabis retailers. This means business owners have to find a secure way to transport and secure the cash they have on hand. One of those ways to secure cash is the marijuana “kiosk.”
Now that the “Adult Use of Marijuana Act” has officially qualified for the ballot in California, everyone’s attention turns to the vote this November and beyond. If recreational legalization is passed by voters it will unleash an economic revolution in the state.
By itself, California is the world’s 6h largest economy. With almost 40 million people and a medical marijuana industry that is 20 years old, CA is primed for government restrictions to be taken off of recreational growing and sales.