Let’s suppose, for a moment, that Californians vote in favor of legalizing marijuana – a ballot initiative doing precisely that awaits the Golden State this November.
The industry winners?
Well, that’s kind of obvious. Think head shops. Plus any business that sells munchies and Pink Floyd CD’s.
Oh, and a whole lotta happy celebrity stoners.
And the losers?
Well, that too is kinda obvious.
When people spend their dollars on joints instead of cigarettes, the big loser is Big Tobacco, right?
Wrong.
