Article by Jocelyne Zablit, Yahoo News
Two years ago, the city of Adelanto, a crumbling outpost in California’s Mojave desert, was facing a bleak future as it teetered on the brink of bankruptcy and struggled with double-digit unemployment.
“We were about to vanish, to be incorporated into another city,” says councilman John “Bug” Woodard Jr. “The place was dying and in total despair.”
Today, however, the once-desolate town is firmly back on the map, having joined a handful of communities in California in embracing large-scale commercial cannabis cultivation — a move that smells of success as the state prepares to vote in November on legalizing the use of recreational marijuana.
Though California already allows the use of medical marijuana, the initiative to fully legalize the drug — seen as likely to succeed — is expected to transform the most populous state in the US and one of the world’s largest economies into a new epicenter for cannabis, bringing in billions in revenue.
According to the Arcview Group, a cannabis investment and research firm based in California, medical and recreational marijuana sales are expected to more than double to $6.5 billion in the Golden State by 2020 if the drug becomes fully legal after November.