Californians Turn Out in Droves to Ring in Legal Pot Sales
- San Diego, Sacramento, Oakland stores open on New Year’s Day
- San Francisco outlets set to start Friday; Los Angeles later
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California rang in the new year with a newly legal product: cannabis. Investors responded by sending shares of companies that cater to the industry to record highs.
The state officially launched legal marijuana Monday, and customers lined up to celebrate the historic moment in San Diego, Sacramento and Oakland -- some of the municipalities given the green light to start sales on Jan. 1. Meantime, in Los Angeles and San Francisco, the state’s first- and fourth-largest cities, customers were turned away empty handed.