--- [ WORLD WATCH ](https://mail.citywatchla.com/index.php?option=com_content&view=category&id=332) # Editor’s Memo: New Company Town ![](https://mail.citywatchla.com/images/stories/Mar-2017/15023x.png)CITYWATCH TODAY—LA has dropped the welcome mat for a new multi-billion dollar industry. LA is about to become a new company town ... thanks to Measure M. No, not what you think. Not film or TV. Not the tech industry. I’m talkin’ cannabis. Pot. Marijuana. Now legal … as in recreational use legal … in our fair metropolis. Writer and authority Lance Rogers forecasts a multi-billion dollar business. That’s with a ‘B’. That surpasses all of Colorado. That’s more shops than Starbucks has coffee houses. And, for some politicos, it’s an incredible new income (tax) stream for the city … at a critical time. LA’s budget is facing dire overages and the threat of losing the transfer cushion from DWP. Find out how the cannabis business is going to affect Los Angeles. How it will change the company in company town. In Today’s CityWatch. Written by Ken Draper on March 20 2017. [Comments](#disqus_thread) ![](https://mail.citywatchla.com/images/stories/Mar-2017/15023x.png)CITYWATCH TODAY—LA has dropped the welcome mat for a new multi-billion dollar industry. LA is about to become a new company town ... thanks to Measure M. No, not what you think. Not film or TV. Not the tech industry. I’m talkin’ cannabis. Pot. Marijuana. Now legal … as in recreational use legal … in our fair metropolis. Writer and authority Lance Rogers forecasts a multi-billion dollar business. That’s with a ‘B’. That surpasses all of Colorado. That’s more shops than Starbucks has coffee houses. And, for some politicos, it’s an incredible new income (tax) stream for the city … at a critical time. LA’s budget is facing dire overages and the threat of losing the transfer cushion from DWP. Find out how the cannabis business is going to affect Los Angeles. How it will change the company in company town. In Today’s CityWatch. +++++++ And, there’s more. Check out the new poll … looking into the minds of young Americans and finding an ‘illegitimate president’ or the Fox survey showing Bernie Sanders as America’s most popular pol or James Preston Allen wondering why LA’s Dems went missing on March 7th … or Joel Kotkin asking if LA’s new tech world can survive President Trump. All in Today’s CityWatch. Let us know what you think. Ken Draper-Editor, CityWatch [![](https://mail.citywatchla.com/images/ME%20DENTAL%20SPA/me%20dental%202026%20final.jpg)](http://medentalspa.com/) ![](https://mail.citywatchla.com/images/banners/signup-for-cw.png) ## Get The News In Your Email Inbox Mondays & Thursdays Message [ ![LA DWP #2 (Pay Your Bill Help)](https://mail.citywatchla.com/images/LADWP/dwp%20level%20pay%205-7-25.jpg) ](https://mail.citywatchla.com/component/banners/click/82 "LA DWP #2 (Pay Your Bill Help)") [ ![Home - HHR Rent is too High - SB-2](https://mail.citywatchla.com/images/HHR/AHF-rent-too-high.jpg) ](https://mail.citywatchla.com/component/banners/click/104 "Home - HHR Rent is too High - SB-2") --- ## Featured CityWatch Stories [ ![](https://mail.citywatchla.com/media/yootheme/cache/fd/064h-fdb0b507.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=29355:remembering-ken-draper-citywatch-and-transparency-are-his-legacy&catid=12) ### [Remembering Ken Draper: CityWatch and Transparency Are his Legacy](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=29355:remembering-ken-draper-citywatch-and-transparency-are-his-legacy&catid=12) LA WATCHDOG - Ken Draper, the editor and publisher of CityWatch for more than 20 years, passed away on August 8, 2022… [ ![](https://mail.citywatchla.com/media/yootheme/cache/0f/061a-0f1ada2f.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33148:brace-yourself-for-a-worse-housing-crisis&catid=398) ### [Brace Yourself For A Worse Housing Crisis](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33148:brace-yourself-for-a-worse-housing-crisis&catid=398) PLANNING WATCH - The California State Legislature will soon vote on the following draft legislation. Please carefully… [ ![](https://mail.citywatchla.com/media/yootheme/cache/54/064j-54f0ecbd.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33204:be-prepared-to-protect-our-democracy-in-november-from-a-trumpian-plot&catid=9) ### [Be Prepared to Protect Our Democracy in November From a Trumpian Plot](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33204:be-prepared-to-protect-our-democracy-in-november-from-a-trumpian-plot&catid=9) BE AWARE - Back in the days when conservatives were so hungry for media platforms that they’d come on progressive shows… [ ![](https://mail.citywatchla.com/media/yootheme/cache/ab/063e-ab3b1ba1.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33174:nithya-raman-loses-the-homelessness-gavel-her-record-explains-why&catid=396) ### [Nithya Raman Loses the Homelessness Gavel — Her Record Explains Why](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33174:nithya-raman-loses-the-homelessness-gavel-her-record-explains-why&catid=396) THE BOTTOM LINE - Raman wants Los Angeles voters to promote her to mayor. Before handing her the keys to City Hall, v… [ ![](https://mail.citywatchla.com/media/yootheme/cache/75/064a-75d5dbb3.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33199:your-boss-owns-your-workday-not-your-brain&catid=425) ### [Your Boss Owns Your Workday—Not Your Brain](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33199:your-boss-owns-your-workday-not-your-brain&catid=425) THE NEURAL WORKPLACE - California must protect workers before workplace surveillance crosses the final frontier: the hu… --- ## [ WORLD WATCH ](https://mail.citywatchla.com/index.php?option=com_content&view=category&id=332) [ ![](https://mail.citywatchla.com/images/stories/June-2026/051q2.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32951:venezuela-needs-the-world-more-than-ever-english-spanish&catid=332)### [Venezuela Needs the World More Than Ever \[English & Spanish\]](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32951:venezuela-needs-the-world-more-than-ever-english-spanish&catid=332) [ ![](https://mail.citywatchla.com/images/stories/June-2026/047f.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32873:netanyahus-betrayal-of-israels-promise&catid=332)### [Netanyahu’s Betrayal Of Israel’s Promise](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32873:netanyahus-betrayal-of-israels-promise&catid=332) [ ![](https://mail.citywatchla.com/images/stories/May-2026/039k.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32727:turkeys-egregious-human-rights-violations-are-beyond-the-pale&catid=332)### [Turkey’s Egregious Human Rights Violations Are Beyond The Pale](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32727:turkeys-egregious-human-rights-violations-are-beyond-the-pale&catid=332) [ ![](https://mail.citywatchla.com/images/stories/Mar-2026/022f.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32427:from-epic-fury-to-a-trap-of-trumps-own-making-finding-the-way-out&catid=332)### [From ‘Epic Fury’ To A Trap Of Trump’s Own Making: Finding The Way Out](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32427:from-epic-fury-to-a-trap-of-trumps-own-making-finding-the-way-out&catid=332) [ ![](https://mail.citywatchla.com/images/stories/Feb-2026/055p.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32307:top-7-mongolia-travel-tips-for-2026&catid=332)### [Top 7 Mongolia Travel Tips for 2026](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=32307:top-7-mongolia-travel-tips-for-2026&catid=332)