SAN FRANCISCO (AP) - Oakland has moved closer to becoming the first city in the nation to authorize wholesale pot cultivation. The Oakland City Council voted 5-2 with one abstention late Tuesday in favor of a plan to license four production plants where marijuana would be grown, packaged and processed. The vote came after more than two hours of public comment, with speakers divided between those who opposed the measure - largely on the grounds that it would put small medical marijuana growers out of business - and those who said it would generate millions of dollars for Oakland in taxes and sales and create hundreds of jobs. The plants would not be limited in size - one potential applicant for a license wants to open a plant that would produce over 21000 pounds of pot a year - but they would be heavily taxed and regulated. Those vying for one of the four licenses would have to pay 1000 in annual permit fees, carry million worth of liability insurance and be prepared to devote up to 8 percent of gross sales to taxes. Proponents of the measure also touted the possibility of Oakland becoming the nation's cannabis capital, especially if California voters approve the legalization of recreational marijuana in November. "Do you want to be the "Silicon Valley of Cannabis?" said Jeff Wilcox, a local businessman who wants to build "AgraMed," a 7.4-acre plant with a bakery, a lab and 100000 square feet of cultivation space. But Stephen DeAngelo, executive director of ...
Wednesday, January 23, 2013
Oakland Approves Mass Production Cannabis Farms
Oakland Approves Mass Production Cannabis Farms Tube. Duration : 6.43 Mins.
SAN FRANCISCO (AP) - Oakland has moved closer to becoming the first city in the nation to authorize wholesale pot cultivation. The Oakland City Council voted 5-2 with one abstention late Tuesday in favor of a plan to license four production plants where marijuana would be grown, packaged and processed. The vote came after more than two hours of public comment, with speakers divided between those who opposed the measure - largely on the grounds that it would put small medical marijuana growers out of business - and those who said it would generate millions of dollars for Oakland in taxes and sales and create hundreds of jobs. The plants would not be limited in size - one potential applicant for a license wants to open a plant that would produce over 21000 pounds of pot a year - but they would be heavily taxed and regulated. Those vying for one of the four licenses would have to pay 1000 in annual permit fees, carry million worth of liability insurance and be prepared to devote up to 8 percent of gross sales to taxes. Proponents of the measure also touted the possibility of Oakland becoming the nation's cannabis capital, especially if California voters approve the legalization of recreational marijuana in November. "Do you want to be the "Silicon Valley of Cannabis?" said Jeff Wilcox, a local businessman who wants to build "AgraMed," a 7.4-acre plant with a bakery, a lab and 100000 square feet of cultivation space. But Stephen DeAngelo, executive director of ...
SAN FRANCISCO (AP) - Oakland has moved closer to becoming the first city in the nation to authorize wholesale pot cultivation. The Oakland City Council voted 5-2 with one abstention late Tuesday in favor of a plan to license four production plants where marijuana would be grown, packaged and processed. The vote came after more than two hours of public comment, with speakers divided between those who opposed the measure - largely on the grounds that it would put small medical marijuana growers out of business - and those who said it would generate millions of dollars for Oakland in taxes and sales and create hundreds of jobs. The plants would not be limited in size - one potential applicant for a license wants to open a plant that would produce over 21000 pounds of pot a year - but they would be heavily taxed and regulated. Those vying for one of the four licenses would have to pay 1000 in annual permit fees, carry million worth of liability insurance and be prepared to devote up to 8 percent of gross sales to taxes. Proponents of the measure also touted the possibility of Oakland becoming the nation's cannabis capital, especially if California voters approve the legalization of recreational marijuana in November. "Do you want to be the "Silicon Valley of Cannabis?" said Jeff Wilcox, a local businessman who wants to build "AgraMed," a 7.4-acre plant with a bakery, a lab and 100000 square feet of cultivation space. But Stephen DeAngelo, executive director of ...
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