Medical Pot Creates Land Rush in California City
A high desert city is witnessing a land rush by would-be marijuana growers and speculators ready to take advantage of the city’s relaxed medical marijuana cultivation rules. KBAK/KBFX reports that California City has seen a spike in property sales since it approved an ordinance allowing commercial cultivation of medical marijuana in September. It is the only city in the county to have done so.
“They’re going to be growing a lot of marijuana out here,” said local realtor Mike Strong. Another agent, Jane Riding, said properties are doubling by the week.
City Manager Tom Weil expects the medical cannabis industry to yield an estimated $2 to $3 million for the city per year.