Hurdles For California's Cannabis Industry Have Slowed Growth, But Many Still Expect A Business High

When California legalized recreational marijuana for adults, Chris Malcolm thought he was going to hit green gold.

The former Berkadia executive had left the firm in 2016 to focus full time on growing his cannabis dispensary and cultivation businesses in Los Angeles. As early as 2013, Malcolm began selling apartments he owned to buy properties to set up medical marijuana dispensaries.

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