California Issues 1st Licenses For Legal Pot Market

LOS ANGELES (AP) — California's legal marijuana market is finally, fitfully, taking shape. The state on Thursday issued the first batch of business licenses to sell and transport recreational-use pot, just 18 days before legal sales will begin on Jan. 1. The 20 temporary licenses — some of which were for the previously existing medical marijuana industry — represent a fraction of the thousands of licenses expected to follow as the state embraces legal weed in 2018, but their release set off jubilation. The first distributor license for recreational pot was awarded to Pure CA, which does business as Moxie brand products, a company known for its cannabis extracts. "I couldn't be more excited," CEO Jordan Lams said.

Topics:  los angeles ap     california   jan   pure ca   moxie   ceo jordan lams   licenses   legal   pot   market   marijuana   business   state   
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