California's state capital region could reap 20,000 jobs and generate $4.2 billion in business if it becomes a hub for a legalized marijuana industry, a study released on Monday showed, weeks before voters decide whether to allow recreational use of the drug. "This region has the ability to be to cannabis what Sonoma and Napa are to wine." "The entire Sacramento business community is looking at this with different eyes today," said Joshua Woods, chief executive officer of the Sacramento Region Business Association. The University of the Pacific report offers the first hard look at the potential economic impact of the marijuana business on the Sacramento region, Woods said. But that does not mean his group - or other business and political leaders - is ready to make the area a hub.

Source: Egypt Independent October 18, 2016 01:41 UTC