Los Angeles Times

Marijuana sellers pay prime rents for warehouse and storefront space

Growing up in Minnesota, Stephanie Smith dreamed of being a golf pro. Instead, the mother of five who lives in Pacific Palisades has ended up in the unlikeliest of trades.

She claims to be one of the largest marijuana-industry landlords in the state in a business that is growing chaotically as cities begin to allow recreational cannabis sales after passage of Proposition 64 two years ago.

And though it's been plenty lucrative for her, the murky legal status of the cannabis industry has led to a police search of her home and to some unflattering news coverage - including a headline that painted her as a drug lord.

"Cannabis is not illegal," said Smith, who is not shy about what she does. "There is no such thing as a cannabis drug lord."

But she does control nearly 2

You're reading a preview, sign up to read more.

More from Los Angeles Times

Los Angeles Times7 min readPolitics
Refugee Mothers Separated At Border To Sue Trump Administration For $3 Million Each
SACRAMENTO, Calif. - Like thousands of Central American parents seeking asylum in the United States, Patricia panicked when, after she and her son crossed the Rio Grande into Texas last year, U.S. border agents took the boy away. For weeks, she was c
Los Angeles Times2 min read
Lakers Awarded Kostas Antetokounmpo, Younger Brother Of Reigning MVP, Off Waivers
LOS ANGELES - The Los Angeles Lakers were awarded power forward Kostas Antetokounmpo, the younger brother of reigning MVP Giannis Antetokounmpo, off waivers on Monday. Antetokounmpo, a 6-foot-10, 200 pound power forward, joins the Lakers on a two-way
Los Angeles Times4 min read
Consumer Confidential: Could Glasses Possibly Get More Expensive? Yup. A Pending Deal Makes It Likely
Incredibly, the company that has near-monopoly control over the eyewear industry may be about to get bigger, this time swallowing the business that owns the For Eyes glasses chain with stores throughout Southern California. EssilorLuxottica, the worl