City of Shasta Lake officials looking forward to proceeds from recreational cannabis

A ribbon cutting was held Monday morning to celebrate recreational cannabis businesses

Posted: Jan 1, 2018 2:18 PM
Updated: Jan 1, 2018 4:41 PM

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.

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