California's marijuana industry may be in deep trouble

REUTERS/Kimberly White Among states that have legalized recreational marijuana, none is more vital to the success of the pro-legalization movement, or to the industry, than California. Two regulations unveiled recently could be controversial: farm-size limits on some growers, and an apparently limitless number of licenses available for sale to large businesses. The idea of big business working its way into the marijuana industry is bad news. But it’s good news for investors. From growers to in...