slice it, pick it, sort it, or treatment, legalizing recreational cannabis is creating a massive addition to california's economy. new york city-based financing, banking, and legal experts who find investors to put money into the medical and recreational cannabis business. as of 2018, california truly is the new mother load.>> the economic potential for recreational cannabis in california is quite large. the estimates run from 9 billion to 15 billion in 2020.>> reporter: when you add ancillary products and services, that -- the financial impact explodes.>> you have got a $40 billion industry, you are going to have for -- billions of dollars in investments. >> reporter: big money sources, investment banks, and other traditional lenders are staying on the sidelines. frank davis ceo of oakland- based views that are 600 high net investors.>> until there is a change in federal law, we are going to be in a situation where big banks are going to least likely stay out of the u.s. market. >> reporter: they are raising funds to invest in all aspects of cannabis.>> people are investing in a wide range of things. most people feel they wan

if cannabis were only allowed to be delivered from, but could go to anywhere in the city, then a thriving delivery business, smartly regulated could supply all the cannabis we want while moving us away from the endless fight over each store. thank you for your time. >> supervisor breed: thank you very much. i'm going to ask members of the public to please respect our board rule. there is no clapping, no audible expression. if you support something, you can use your spirit fingers. if you don't, do thumb's down, but respect the board rules. we want to be respectful to one another. thank you for your presentation. i will now open this up to public comment. if there are any members of the public who would like to speak in support of the appeal, please come forward at this time. you can like up to the right if you're in support of the appeal. first speaker. >> thank you, madame president. my name is richard. for the last hour i heard so many supervisors introducing legislation for the benefit of childcare for our children. when you vote up or down for this appeal, that opening a marijuana sho

of shasta lake. 530 cannabis in the city of shasta lake has been serving the local medical cannabis community for more than 8 years now.for one medical marijuana patient battling cancer, having access to cannabis has been a godsend. joyce vandermeer/medical cannabis patient: "it helps me when i don't want to eat, definitely - and from the nausea it does really help a lot."but starting january first, 530 cannabis will be one of the first businesses licensed by the state to sell recreational cannabis.jamie gardot/owner: "on january 1st we can open our doors to a whole new market and that's the adult use market. so we're going to be a little bit more busy than usual, which is great."530 cannabis was awarded their recreational license tuesday.and owner jamie gardot says this is a milestone for the entire industry.jamie gardot/owner: "california remember was the first state to approve medical cannabis back in 1996, so this day has been a longtime coming. and i'm just really excited to be a part of history."gardot says there will eventually be some l

of shasta lake. 530 cannabis in the city of shasta lake has been serving the local medical cannabis community for more than 8 years now.for one medical marijuana patient battling cancer, having access to cannabis has been a godsend. joyce vandermeer/medical cannabis patient: "it helps me when i don't want to eat, definitely - and from the nausea it does really help a lot."but starting january first, 530 cannabis will be one of the first businesses licensed by the state to sell recreational cannabis.jamie gardot/owner: "on january 1st we can open our doors to a whole new market and that's the adult use market. so we're going to be a little bit more busy than usual, which is great."530 cannabis was awarded their recreational license tuesday.and owner jamie gardot says this is a milestone for the entire industry.jamie gardot/owner: "california remember was the first state to approve medical cannabis back in 1996, so this day has been a longtime coming. and i'm just really excited to be a part of history."gardot says there will eventually be some l

mario montalvo reports on one of those dispensaries in the small community of shasta lake. 530 cannabis in the city the local medical cannabis community for more than 8 years now.for one medical marijuana patient battling cancer, having access to cannabis has been a godsend. joyce vandermeer/medical cannabis patient: "it helps me when i don't want to eat, definitely - and from the nausea it does really help a lot."but starting january first, 530 cannabis will be one of the first businesses licensed by the state to sell recreational cannabis.jamie gardot/owner: "on january 1st we can open our doors to a whole new market and that's the adult use market. so we're going to be a little bit more busy than usual, which is great."530 cannabis was awarded their recreational license tuesday.and owner jamie gardot says this is a milestone for the entire industry.jamie gardot/owner: "california remember was the first state to approve medical cannabis back in 1996, so this day has been a longtime coming. and i'm just really excited to be a part of history."gardot says there will eventually be some limitations a

cannabis based formularies through regulated dispensaries -- >> thank you, ma'am, thank you. next speaker, please. good evening, i'm a san francisco native and business owner. i grew up in the city, walking down that street, going to big rec to play baseball. in that time, growing up i smelled cannabis aroma my entire life. i watched people shoot heroin on corners all over the city. i watched liquor stores infect the community and somehow or another we all came out ok. the voters have voted for this. i know these men and women as fellow natives and business people and as people who are committed to their community and the greater san francisco community. they are the kind of operators that any neighborhood would be fortunate to have. and i urge the board to let them have their business on irving street. it will be a benefit to the community as whole. >> next speaker. >> my name is ashley. i've been a member of barbary coast for five years. i currently live in the inner sunset and in full support. >> thank you, next speaker. >> hi, my name is samantha. i'm here representing my community. i hear the concern about dispensary being a threat to well-being of children, but i have no d

as each city works to finalize regulations there is confusion in the rules across the pay -- bay area. the cannabis editor for the chronicle joins us on the phone. thank you for being here. for most bay area cities it will be a gradual start to all of this.>> the best analogy -- wet and dry counties at the end of alcohol prohibition. we will have wet and dry counties for cannabis.>> it might get complicated. each city has the right to ban it or late restrictions on it. what you might be able to do in berkeley you might not be able to do in walnut creek.>> there is more than 400 cities and counties in california. we started tracking their lulls on our website.>> let's talk about how these cities and other municipalities will come up with regulations. some of them have put moratoriums in place saying we need to make sure we have this thought out and have a plan in place. how do they go about -- rules and regulations? >> now that the state has issued their own regulations any other local cities and counties can look to the state for guidance and begin to implement local rules that mirrors state rules.

we did not want that to come back as cu, but would be evaluated by the office of cannabis. >> president breed: mr. city attorney, is that ok? >> i believe the plan was to do these conditions motions now and then once you've decided on whatever conditions you're going to impose, then you adopt 24 and 28 subject to the amendments. >> president breed: thank you. supervisor tang made a motion, seconded by the supervisor yee, can we take that without objection? without objection the amendment passes. >> supervisor safai: i want to clarify 24 and 28, the way i read it, maybe that's why you were side barring, seemed -- you said -- >> >> president breed: 24 and 28 are the ammed items. -- amended items. item 23 and 27, if we -- those are the specific approvals of the planning department and to uphold the planning department's -- well can i'll let the city attorney explain. it's lengthy. so if you could explain specifically the difference between 23, 27 and 24 and 28 and why those were amended instead of 23 and 27. >> because you're adding additional additions to the conditional use authorization that the planni

up for debate, the medicinal cannabis rules the city of morin is expected to roll back this week. >>> and how long will your travel times be on 880? we are tracking a new accident there along the hayward. the details and back ups times coming up. >> we are dealing with high wind, coastal flooding concerns and cool conditions, but hey look at this, how pretty it is. the forecast, coming up. the city of oakland plans to temporarily move homeless people from tent cities like this one...into tuff sheds like these. >>> a bay area city of oakland plans to temporarily move homeless people from tent cities like the one you are looking at here into sheds like these, right there. 40 people will move into this empty lot owned by pg&e starting this week. the mayor says it will not solve the city's homeless problems, but it could be a temporary fix. >>> tomorrow morin county supervisors will consider repealing its old policy regarding the sale of medical marijuana because last month they approved a new policy that would restrict medical pot sales to unincorporated parts of the county. four license

what we're talking about is the framework where adult cannabis is allowed, and i think it's okay for us as a city to have some regulations. there's going to be access. it's not going to be an issue. everyone is going to have access to adult use, because there's going to be i imagine, at least 30 operators opening in san francisco and a number of delivery operators. it's already not even an issue today, so i just flip the question. it's not about whether there is dangerous to children or not, it's whether access is an issue and if it isn't, i'm okay with putting some restrictions around where adult use cannabis can go. if the argument is, is this dangerous for it to be near children, i agree with supervisor ronen and sheehy, but then, we shouldn't have any 600 foot buffers, schools or child care centers. i think the reason i've held strong to that is i truly don't understand the distinction between 0 to 5 and 5 to 17. i know i'm not a parent, but if we don't believe there should be a restriction for 0 to 5, then there shouldn't be a distinction for 5 to 17. these shops aren't going to let them in.

cities? around cannabis or advertising of any like director torres goes to opioids. >> new york already prohibitvertising of those types of things in their system. >> director: director borden. >> it doesn't seem -- we chose to ban advertising of tobacco and firearms. i thought because things were prohibited for people under 18. what's our overarching policy where it's not legal for those under 18. is that the rationale? do we have a policy like that? is it related to youth or just making a statement in our society. it gets tricky. because it wasn't legal many years there's not a lot of studies or information that are necessarily positive about cannabis and there's two sides of the issue that are complex. if you say we're not doing advertising that can be seen by youth i understand drawing the line in the sand. i think we ought to think about our basis in terms of making these policies as a body in terms of the rationale. i don't necessarily think it's a bad policy but i also think there's a perception we're making a value judgment on cannabis in this process and that's what i find to be problem

. >> reporter: hi, jessica, welcome to buddy's, one of 16 cannabis businesses here in the city of san jose. come january 1st, a big change, all you'll need is an i.d. showing that you're older than 1 and c 21 and can come here and buy recreational marijuana. sits in an industrial part of san jose on north 10th street. inside the front door a warm and inviting environment for people looking for medicinal marijuana. come january 1st buddy's products will be available to adults 21 and older thanks to the voter approved proposition 64 that legalizes sale of recreational marijuana. state bureau of cannabis control is handing out licenses. matt lucero, owner of buddy's, received up of the first in the state. >> we're going to be closed january 1st. in order to meet our mandate, we're issuing licenses early with an effective date of january 1st. >> which means we have a license to sell retail, to distribute products, to cultivate and to manufacture all on site on our 21,000 square foot building. >> reporter: along with valid local permits, those who apply will need to disclose owners in the

it is called with man grow philadelphia hosted cannabis education for number center city. pace implementing its medical marijuana program which was signed into law last april. it provided ideas about marijuana's role in fighting illnesses. >> get the patient together with the dispensary owners and get patients filled with knowledge about the option of using cannabis to help their ailment and their disease. >> it introduce woes men and men from various areas of the cannabis industry including research and cultivation. >>> up next see surprise chance the rapper had for students in chicago. >>> there is a new list, of the most safe vehicles we will tell you why it is harder for car make tours get a good grade. katie. >> interesting. we are looking to not just re even forcing cold blast of air but different chances for our area to pick up on a little bit of snow. i will walk you through those details but first here's your cure auto insurance travel forecast. >>> i got to tell you jennifer lawrence is young woes man ever to receive cherry lansing leadership a war. she was prese

january 1 the state will be -- as i'm sure you all know, allowing adult use of marijuana or cannabis and the city and state are putting together regulations so we got kind of a heads-up on what the regulations are going to look at with emphasis on the environmental implications of the industry which turn out to be very very large indeed. we also heard a presentation on san francisco's solar plus resiliency project. the department received a grant from the federal department of energy to create solar storage facilities at sites around the city to provide stored energy for disaster response efforts. that in and of itself was pretty interesting but the most interesting thing was that as the result of this grant department staff and staff from the consulting company they work with developed an algorithm or a formula or something any city anywhere can use to decide whether or not a particular site is appropriate for storage. and it's going to be given away to everybody. it's not only going to help us, but it's going to help every concerned city and all cities should be concerned across the nation. am

the city is ironing out all which dispensary owners say that will trickle down to the consumer forcing the costa marijuana all. >> it will go down over time. >> reporter: it shows that the legal cannabisonsumption could trouble with annual sales peaking at $240 million, so it will be a green 2018. in san francisco tara moriarty. >> the dispensaries that have been there have been grandfathered in. oakland city officials hope to promote another eight in spring and the permits are designated for people who apply under the equity permit program. they will give priority to the victims of the war on drugs. >>> the parking blackard could get difficult with obtaining them be because the new laws part of a statewide effort to crack down on disabled tags and lesson plate abuse, there are 30,000 tags and license plates with the disability that are dead. the number of replacement ones that can be issued will be going down to four instead of an unlimited number. >> remember, you have to sign a piece of paper that says what you are providing is in fact the truth. it is against the law to provide false documents, and to liner documents. this is one more piece to try to get compliance. >> permanent t

cities and counties. like i said, there's some areas of the state where they don't allow commercial cannabis activity. dn't issue a state license. so just working with those cities and counties, working with our licensees. because it's going to be difficult for them. they haven't had any state regulatory oversight. as you know, we've had a thriving medical market in california. there's been no state oversight. it's going to be a change. >> well, good to talk to you. thank you. and best of luck with this. laurie is the chief of the bureau of cannabis control in california. she was, by the way, director at the department of alcohol and beverage control. she has familiarity with a number of these regulatory issues. all right. 2017 -- i can't believe i'm saying this -- was the best year for bitcoin ever. until this past week. the currency crashed the below $12,000. coming up next, we're going to take some lessons from the 17th century holland and the tulip bubble back then. 2017 was also a great year for the wealthy. the 500 richest people added $2.7 billion to their fortunes every day of the year. here's

starting january 1, people at the age of 21 years old will be able to use cannabis for recreational use. the cities and counties have been scrambling to regulate marijuana sales. there will be are ribbon cutting ceremony at new dispensary. >>> this is the first christmas for the victims of the north bay fire. their future is unclear. >> reporter: if you didn't know better this is just another santa rosa home getting ready for the holidays. >> christmas is an important part and we want to focus on that and we want to think about happy and positive things versus things that are going on.? they still have ornaments.>> reporter: they have a christmas music box that still works. this is the new house, for her parents, a cousin and two docs. >> it is an adjustment, we had to get air mattresses. that is the front entrance. that is the home. >> do you see where that area is that is actually a walkway. >> reporter: there is not much left of this rental home. this is where she lived with her parents while she was searching for a new place of her own.>> is it getting easier? >> it is actually getting harder.

describe how the applicant will work to encourage applicants who have received cannabis permits, and otherwise further the city's equity goals, which i also agree with. am i misreading the first part? it seems to me that all applicants will have to talk about how they're going to encourage and support equity applicants who have been awarded business permits. >> it should read equity applicants, not permit operators. >>supervisor kim: so to take out who have been awarded cannabis business permits? >> supervisors, one opportunity to address that concern, maybe to say, instead of who have been awarded, to instead say, who are seeking? jap ja >>supervisor kim: i think the goal is who help those get into the business, but i wouldn't want to force people to help their competitors. okay. so -- excuse me? is that okay. >> yeah, that is okay. that was an error. we're not looking to help people help their competitors, help people get into the business. >>supervisor kim: okay. >>president breed: so you want to make a motion to make that amendment? >>supervisor kim: yes, so i'll make a friendly motion to strike -- sorry to

. >> victoria wang, deputy city attorney, so the use of the term daycare center in the state law, in the cannabis law is with reference to the state definition here in the amendment that you have proposed. >> supervisor: thank you for the clarification, so i think that's the point of the clarification through the chair and to supervisor tang, that it's the larger more comprehensive definition of daycare, it's not just your neighborhood daycare program, but it includes after school programs, latch key programs, and the specifics, i do not have in front of me, but again, leaning on the expertise of israel, just want to throw that in there. >>president breed: and supervisor tang, you wanted to respond to that? >>supervisor tang: yes, so through the chair, and correct me if i'm wrong to the city attorney's office, but i believe that it means daycare center means any child daycare facility other than a family daycare home and includes any did i care facilities, extended care facilities, and older child centers. >>president breed: thank you. supervisor peskin. >>supervisor peskin: through the president

cannabis. thank you. >> good evening, thank you for the opportunity to present our project today. my name is jess cityhenry, i'm the executive director. i'm second generation san franciscan and my wife and i have raised our three daughters here in the city. when we opened downtown, we wanted to establish accountability with the neighbors and have a business that has a positive impact and work in harmony with the other existing businesses and offer a positive example of what a good business would look like. we established ourselves by keeping the store front discreet, safe and clean. we're consistent presence as the doorman and cameras maintain an eye on the store and the entire block which has led to reduction in crime and increased safety for everyone and we feel we've added a great deal to the revitalization. as we are accountable to patients and city and state, we established a place that is clean, safe and comfortable that provides medicine is that tested by the highest rated lab in california for mold, pesticides, and anything else that is markhamful to patients with -- that may be harmful to pat

terry moriarty tells us why the city is failing to meet the deadline. >> san francisco cannabis clubs were hoping to ring in the new year with recreational marijuana sales. >> i was look to go get cartridges today. >> interested in vaping. >> that won't be happening until january 6 of 2018. >> joints right there. >> we would have preferred to have it by january 1, but i think january 5 or 6 is still on target. >> those are going to be 20 milligrams each cookies. >> it was a complex set of regulations that they only had a couple months to work on and it takes time. they got it right. >> i'll do a mango -- >> owners of medical cannabisdispensary like grass roots must now apply for a state license in order to sell recreational marijuana. she heads the newly minted office of cannabis. >> the prop gave as you year of time to come up what with a they whatnotted to do -- with what they wanted to do. >> even the list of regulations was hazy not finalized until mid-november t meant san francisco -- mid-november. it meant san francisco board of supervisors had to act quickly. would there be a g

citizens to insist that our government protect us against the harms of cannabis distribution and i would note that different cultures in the city have strong feelings about cannabis, some strongly in favor, some strongly

the city of benicia has approved up to two cannabis dispensaries and one microbusiness in town. th...the benicia city council banned marijuana dispensaries downtown...but the new ones will be allowed in popular areas such as solano square...columbus parkway or in the benicia arsenal. the council will also allow commerical cultivation...dis tribution...manufacturing and testing in benicia's industrial zones along with one microbusiness in the benicia arsenal or the benicia industrial park. one restriction...dispensaries will not be allowed within six-hundred feet of schools...making southampton shopping center off limits due to its proximity to benicia middle school. (vicki) delta airlines reportedly wants georgia power and atlanta's hartsfield- jackson international airport to cover losses caused by sunday's massive power outage. c-e-o ed bastian told the atlanta journal constitution that losses may be between 25 and 50 million dollars. and that doesn't even include the money delta is spending to reimburse travelers for hotel stays. hartsfield-jackson is the world's busiest airpo

the city of cambridge, different municipalitys can decide whether cannabis ey want businesses active in their town. cambridge voted that they were it. with and the city council voted in favor of the location. healthy farms sounds like a lovely name for a company, but all the neighbors are feeling so healthy about this. healthy farms just got a lawsuit. talk to us about that. correct. one neighbor in particular, rog danda. controlling partner of four different buildings in harvard square. healthy farms and 18 other plaintiffs, saying taking part in a racketeering operation because in 're all coming together an effort to create a situation in which they can sell marijuana federally illegal drug. he's suing under rico, racketeering law. can sue for three times the damages incurred. million.ing for $81.2 >> oh my god. wait. talk ab rico. rico, it is k of usually used against organized mob. that's where we've seen this law into use. this is a very different way of it.lementing >> and expensive. >> and expensive. > this is the fourth time rico has been used against a cannabis business. foun

. >> reporter: and city reports shows that cannabis consumption could triple. so it will be a green 2018. in san francisco, tara moriarty, ktvu fox 2 news. >> we're at the beginning of so many changes. and learning more about this. a new study shows the number of pregnant women smoking marijuana is higher than we thought. it continues to grow. the study says the number of mothers to be using cannabis nearly doubled between 2009 and last year. researchers asked women who were eight weeks pregnant if they used marijuana and why. and tested them for the active ingredient in cannabis. they say they used it to deal with anxiety and morning sickness. marijuana use may be link today low birth weight and problems soon after birth. >>> come up, while we have not seen a lot of rain this winter, flooding is still a concern for north bay wildfire victims. the new map showing which areas are at greatest risk. hey, guys. where are the cookies for the... bake sale? bake... bake sale? need to bake in a hurry? use new country crock buttery sticks with sunflower oil. there's no

today several city councils and county boards will consider measures regarding cannabis operations. that includes marin, san mateo, and napa counties. >>> the san jose sharks will be happy to come home after losing 4-1 to the washington capitals. the sharks dominated but not this time. washington never trailed. san jose didn't score until the second period and they were only to get that one goal. tensions were high between the two teams. aggravated by the capitals -- he was out for the rest of the game. appeared to be a target for the rest of the game. the sharks had two wins and losses on the road trip. and they'll play the hurricanes at the shark tank on thursday. >>> stanford star bryce love is a finalist for the heisman trophy. he will go to new york this saturday night as one of three finalists for the heisman. he averaged -- has scored 17 touchdowns. last year's winner, lamar jackson, is the second finalist. but the overwhelming favorite. oklahoma quarterback baker mayfield who is leading his team to the college playoffs. >>> the u.s. postal service is asking customers to help

cannabis becoming legal. >>> details of a new proposals and reaction from city leaders. >>> plus the reason people are lining up to pay their property tax this is week. >>> jessica castro, a woman of many languages. she is studying for her master's degree like right now. >> she's always reading multiple books at a time. jessica volunteers with kids. athletic, adventurous. >> the girl can dance. >> bright and early jess is jamming. >> our live desk was totally made for her. >> there is a lot happening in the morning and jess is best at breaking it down. better days start here. if yyou need to stay downeaway from it. call 911. let our first responders come out and handle it. police and fire will respond as well as pg&e. pg&e will make the scene safe. ♪ my wish was a clubhouse, but we call it "the wish house." people visit national parks from all over the world. food tastes better when you don't have to cook it. he was just supposed to be my dog. i don't know why. (vo) we're proud that, on behalf of our owners, the subaru share the love event will have donated over one hundred fifteen million dollars in just te

the city of cambridge, different municipalities can decide whether they want cannabis businesses activewn and cambridge voted that they were ok with it. and the city council voted in favor of the location. julia: healthy farms, sounds like a lovely name for a company. neighbors are feeling so healthy about this, and now healthy farms has a lawsuit. talk to us about that. jenny: correct. one neighbor in particular, he is the controlling partner of four different buildings in harvard square. he is suing healthy farms and 18 other plaintiffs, saying they are taking part in a racketeering operation because they are all coming together in order to create a situation in which they can sell marijuana, which is a federally illegal drug. he is suing under rico, a racketeering law. you can sue three times what it is worth. he is asking for $81.2 million. carol: talk about that. when we think of rico, it is usually used against organized mobs and that's when we see this law put into use. this is a very different way of implementing it. julia: and expensive. carol: and expensive. jenny: this is the

the bureau of cannabis control says they have already received20 applications across the state. even though it's legal to buy and sell recreational marijuana, counties and citiesan still ban it from their municipalities. 72% of municipalities in california banned recreational marijuana shops. live in san jose, i'm jessica flores, kpix 5. >>> right now the fbi is still searching for sierra lamar. the agency posted on twitter asking for some new tips. the agency posted the tweet yesterday. earlier this week, antolin garcia-torres the man convicted of her murder was sentenced to life in prison without parole. it's not clear what happened. and lamar's body was never found. she was just 15 when she went missing on her way to school back in 2012. >>> the two men charged in oakland's deadly ghost ship warehouse fire will stand trial. tenants derick almena and max harris facing 36 counts of involuntary manslaughter, one for each person killed in the fire. almena ran the warehouse which officials say had been illegally converted into living space for artists. >> they were running the place. they built the place. there was so much in there that it was a tinderbox. >> al

but the ordinance just passed by the city council will prohibit other cannabis business activities andutdoor home cultivation. indoor cultivation of up to 6 plants will be allowed. >>> this new year, all santa clara vta riders can expect to see some changes starting on january 1st. the vta will be implementing new fares and expanded hours of services. according to the vta, their new fare policy will change adult fare from $2 to $2.25 per ride. youth fares will drop 75%. day passes will go up from $6 to $7 and monthly passes will be $80, an increase of $10. train service will increase from 30 minutes to every 15 minutes during the week. >>> 6 am 15 right6:15 right now. do we have a humidifier here? >> no. >> my sinuses are acting up. >> we have good news mass transit on time. no delays. so speaking of the vta and bart looking exceptional this morning. 59 trains in service. westbound 4 -- excuse me, slowdowns westbound 4 and then a new accident eastbound direction. and that's right at bailey road. it's blocking a lane, no backups. southbound 680 on the right side of your screen there, th

. >>> leaders are making it clear, cannabis dispensaries don't belong downtown. last night, the city council voted he to ban them from that area. the debate took so long, the council delayed any action until the december 19th meeting. like cities around the state, been easterna is grappling with it. he. >>> a battle over an iconic san francisco home. >> the neighbors, some of the neighbors are understandably inconvenienced. >>> the house behind the show full house now at the center of a conflict. the owner said it is not what neighbors think. >>> we are answering your questions about covered california. a deadline is approaching. we'll talk about that. >> and an injured dog on the mend thanks to some enterprising students. >>> at 4:10, a live look at the afternoon commute. this is downtown san francisco and it is a mess on the sky way. it is a crawl in both directions. >>> december 7, 1941. the day that does live in infamy. abc7 news was at the uss hornet where the attack on pearl harbor was reynold. pearl harbor vets in their 90s now. e.j. chuck holder was on duty at the center of t

measures regarding cannabis operations will be considered including the napa city council and the marinteo, and napa counties. >>> the sharks will be happy to come home after losing 4-1 to the washington capitals. the sharks dominated the recent games with the caps but not this time. and washington never trailed. san jose didn't score until the second period and they were only able to get that one goal. tensions were highed act investigated by t.j. oshie being pinned to the boards by thornton. they'll be playing the hurricanes at the shark tank on thursday. >>> stanford college football star bryce love is a finalist for the heisman trophy, the most press contingency individual honor. he'll go to new york saturday night as one of three finalists for the heisman. he has 17 touchdowns. and last year's winner, lamar jackson, is the second finalist. the overwhelming favorite, oklahoma quarterback baker mayfield. he's leading his team to the college playoffs. >>> the postal service is celebrating the 105th year of the letters to santa program. people interested in helping to make a child's wi

it trim it or smoke it legalizing recreational cannabis is creating a massive addition to california's economy. cofounder of capital holdings. new york cityased financing thanking and legal experts who find investors to put money into the medical and recreational cannabis business. as of 2018 california truly is the new mother load.>> the potential for recreational cannabis in california is quite large. the estimates run from 9 billion-$13 billion in 2020.>> reporter: when you add ancillary products and services that will flow from the cannabis growing processing distribution and sales the financial impact explodes.. if you have a $40 billion industry you will have billions of dollars of investment.>> reporter: fearing prohibition big-money sources investment banks retirement funds and other traditional lenders are staying on the sidelines. ceo of oakland-based -- that represents over 600 high net worth investors that have placed 150+ million dollars in more than 160 cannabis related businesses.>> until there is a change in federal law we are going to be in a situation where big banks are going to at least likely stay out of the u.s. mark

cities are scrambling to put rules in place. tara moriarty has the story. >> reporter: san francisco cannabis clubs were hoping to ring in the new recreational marijuana sales. >> i was looking to get cartridges today. >> reporter: that won't be happening until january 6th. >> reporter: we would have preferred january 1st but january 5th or 6th is on target. >> those are 20 milligrams each cookie. >> it was a complex set of regulations and it takes time. and they got it right. >> let me do a mango. >> owners of medical cannabis dispensaries must now apply for a state license in order to sell recreational marijuana. nicole elliot heads the office of can bits. >> the state had a year to come up with what they wanted to do. and it wasn't until summer that we knew what the state wanted to do. >> reporter: even that list was not finalized until mid- november. the board of supervisors had to act quickly with a set of laws. would there be a green rush? would dispensaries start cropping up everywhere? >> there's not a free for all. basically, the way that the law works, 600 feet from schools, 600 feet from one another so there isn't clu