This is what the company’s three owners, William McKenzie, Brian Mitchell and Brett McCormick, have told the Oakland Tribune. They see profit potential in the medical marijuana industry.
“It’s very substantial,” McKenzie tells the Tribune. He adds that all of California would stand to benefit from an additional $1.5 billion in tax revenue if pot were legalized.
As the Tribune says:
Those figures hinge on one thing: Pot, which someone has to grow. Built-to-code grow rooms just make the endeavor safer and more legitimate. “This has been underground for so long,” McKenzie said.Although the company’s mailing address is in Walnut Creek, its target market is Oakland, “the industry’s Bay Area epicenter” for the medical cannabis industry, according to the Tribune.
Of course, Walnut Creek isn't quite so, uh, unhip. It does have its own—albeit controversial—pot club, C3 Collective. And, the city is in the process of studying if and how it would allow medical marijuana dispensaries to establish themselves in town. Last year, the developer of another medical marijuana dispensary expressed interest in opening up in Walnut Creek, seeing a huge market of customers here and our suburb as becoming a national pioneer in how municipalities can regulate and earn income from pot clubs.