An oversaturated market has pushed the cannabis industry and city leaders in San Francisco to try to slow down the number of businesses opening up over the next four years.
An ordinance approved by the board of supervisors and signed by the mayor will create a moratorium on new businesses beginning July 23.
"Come through here you would have been in the consumption lounge," he said while giving KPIX a tour of the property this month."I wanted to maybe make these floor to ceiling windows." "We want to be here, a lot of us have been here for a long time, and they need to help keep us safe," Hayes told KPIX."There's a lot of hardworking individuals that have great products and great companies here in San Francisco and it's really important to support them."
Safai said 60% of marijuana sales are through the illicit market and San Francisco is the most saturated market in the country compared to other urban areas. Applicants who made it far enough in the process will still get to open their new business after the ordinance has taken effect.
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