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L.A. Council President Calls for Creation of Municipal Bank for Pot Businesses to Use

August 1, 2017

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LA Times Endorses Southern California Coalition's Proposition M

March 15, 2017

LOS ANGELES — Southern California Coalition (SCC) — a cannabis-industry trade organization representing stakeholders across all licensing categories, advocacy organizations, minority groups, veterans, communities and others in Southern California — announced the Los Angeles Times Editorial Board endorsed its Proposition M ballot initiative. Proposition M provides the Los Angeles City Council and mayor with a flexible regulatory framework, so that the country’s largest cannabis marketplace — Los Angeles — can comprehensively and inclusively address issues as they evolve in California’s medical and adult-use cannabis industry. 

“We commend the Los Angeles Times for its endorsement of our Proposition M initiative — the most comprehensive, responsible and inclusive marijuana measure ever to be proposed,” said Virgil Grant, president and co-founder of Southern California Coalition. “This precedent-setting measure will provide the city with the ability to address issues — not in piecemeal — but in a comprehensive way. In a burgeoning industry like cannabis, which is providing Los Angeles with tens of thousands of jobs and millions in tax revenue towards city services each year, we knew the best approach was one that accounted for issues that may evolve over time. Prop M does just that. We encourage Angelenos to get informed, support us in addressing the needs our local communities, citizens, youth, workers, local law enforcement, and businesses in a responsible way, and say yes to Prop M this March.”

 

Proposition M is one of two very different marijuana ballot initiatives that Angelenos will have a chance to vote on Tuesday, March 7, 2017. According to the Los Angeles Times' editorial, “Measure M, which the City Council proposed, and Measure N, which a trade group for the city’s medical marijuana dispensaries sponsored. Measure M is by far the more fair and responsible.”

Proposition M would empower the Los Angeles City Council and the mayor with the ability to rescind Los Angeles’ flawed Proposition D — a measure adopted in 2013 aimed at limiting the number of dispensaries in the city — and replace it with more responsible, comprehensive and inclusive marijuana regulations, according to a press release by SCC. The measure’s framework would enable the Los Angeles City Council to address important issues facing the cannabis industry such as licensing across all cannabis industry categories (cultivators, dispensaries, transportation, others) while giving communities a say in what happens in their neighborhoods regrading zoning, the location of stores, the number of shops in an area, store hours, and how products will be marketed and advertised. 

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