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California cannabis market experiences license contraction in 2019


Before January 2018, when California launched its legal recreational cannabis market, estimates of how many dispensaries peppered the state's landscape were in the thousands. But once state licenses were required - and with that, express local city or county approval - the number dropped dramatically, to just a few hundred. That was the first instance of serious market contraction in California, but it's far from the last as the state tries to clean up after decades of gray-market sales. All ...

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