Dozens in the City of Shasta Lake gathered for a ribbon cutting ceremony Monday morning to commemorate the start of recreational marijuana sales in the city.
Community and business leaders, as well as advocates for cannabis, attended the event held in front of the city's welcome sign as they ushered in what they say is a new era in the city's history.
Mike Radar, President of the Shasta Lake City Chamber of Commerce, says, "Shasta Lake has been on the forefront of this and fighting for it for a long time. And now that it's coming to fruition I see great economic development happening here from all the new revenues that this will bring to us."
Last year medical marijuana sales generated more than half a million dollars in tax revenue. Some experts say the cannabis industry is expected to become a 10 billion dollar business in coming years, surpassing even the wine industry.
We will have more coverage on this story during our newscasts this evening from Redding Bureau Chief mario Montalvo.
- City of Shasta Lake officials looking forward to proceeds from recreational cannabis
- Shasta Lake Drug Arrest
- Shasta Lake City Manager Announces Retirement
- Shasta County Cannabis Connoisseurs Celebrate "420"
- Cannabis Sales Thrive in Shasta County
- Lake Oroville State Recreation Area Improvements Underway
- Grand Jury Says Cannabis Business in the City of Shasta Lake May be Going up in Smoke
- Sanctuary cities for legalized cannabis
- City of Shasta Lake is Getting More Sidewalks
- Firefighters Responding to House Fire in City of Shasta Lake