Bloomberg: Hollyweed: Legal Pot Gains Foothold in Rich California Market

By in News Articles

CMW Client Premium Produce’s CEO was the feature company in an article by Bloomberg on their initial approval for cultivation licences in Los Angeles County.

“They are the first ones to be able to do this,” said Priscilla Vilchis, 30, who is seeking at least two licenses. “There are a lot of people watching. If this goes well, there’s going to be a domino effect with other local cities.”

The prize is large. Vilchis estimated Los Angeles County dispensaries will collectively make about $1.4 billion in their first year. Cali Premium Produce Inc., her company, expects to make about $25 million.

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