Business Legalization Local News Politics

Pasadena Cannabis Market: ‘Hot Mess’ Or ‘Tremendous Opportunity’?

The Pasadena and Foothill chapter of the American Institute of Architects convened a panel comprised of consultant Christian Nitu, Realtor Chris Bonbright, Electrical Engineer Celestin Hariton, and Moderator Mark Gangi.

Depending on your perspective, California’s retail cannabis scene is either a “hot mess” or a tremendous opportunity, according to a panel of local experts Thursday.

And, said one expert, “Pasadena will have a huge impact on the industry.”

As the City recently completed its final round of interviews of 128 applications were submitted of which 122 applications were submitted for retail licenses, 3 for testing laboratories licenses and 3 for the cultivator licenses — with results to be announced in June — a panel of experts and consultants described the multi-faceted challenges and opportunities that cannabis retailers and city leaders will face this year.

The panel — consultant Christian Nitu, Realtor Chris Bonbright, Electrical Engineer Celestin Hariton, and Moderator Mark Gangi — was assembled by the Pasadena and Foothill chapter of the American Institute of Architects, for a forum called, “Cannabis Dispensaries and the Community.”

Nitu, who represents Coastal, a Santa Barbara-based dispensary, said that while California has legalized recreational and medicinal cannabis, “Cities have the last say.” Thus, like Pasadena, cities are creating their own local ordinances to regulate the legal but troublesome industry.

“California has 656 legal shops, where there used to be 6,000 shops, both legal and illegal,” said Nitu, who labeled the situation “a hot mess.”

To Read The Rest Of This Article By Eddie Rivera on Pasadena Now

Published: May 31, 2019

SHARE
RELATED POSTS
California marijuana regulatory merger on track for summer
Five indicators credit unions can be buds with marijuana businesses
CohnReznick Cannabis Conference Coalesces in California

Leave Your Reply

*