Businesses See Opportunity After Voters Pass Prop 64 to Legalize Recreational Use of Marijuana in California

The recreational use of marijuana is now legal in California after voters on Tuesday approved Proposition 64.

Here is what is now legal in California:

  • Anyone 21 and over can possess and smoke up to one ounce of marijuana.
  • Anyone can possess and grow up to six plants, as long as they are locked not visible to the public.

But there are still plenty of restrictions when it comes to the recreational use of marijuana in the state.

The actual sale of marijuana for recreational use will not start until Jan. 1, 2018, which means anyone who wants to buy pot still has to go to a dispensary.

A marijuana dispensary requres a recommendation letter from a doctor and a medical marijuana card for buyers.

Smoking marijuana is also prohibited in public -- no parks and away from schools.

Some businesses see an opportunity with the restrictions.

"We've opened California's first private members only cannabis lounge -- one of a handful of dispensaries that have on-site consumption allowed in San Francisco," Marty Higgins said.

Higgins said he believes this will be a new social norm to keep marijuana users out of trouble.

"We're delivering a retail format that I've said my mom would feel comfortable to shop at," Higgins said.

Supporters of Prop 64 had touted economic benefits.

The state's legislative analyst's office estimates tax revenue to be hundreds of millions to a billion dollars the first year.

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