Yesterday, the Los Angeles City Council passed an ordinance that will limit the number of licensed marijuana dispensaries in the city to 70. Currently they have about 1,000 of 'em, according to Reuters . The measure also will prohibit dispensaries from locating less than 1,000 feet from schools, public parks, libraries or churches or across the street from residences.

With a population of more than 3.8 million that equates to about one dispensary per 55,000 people (more than Arcata and Eureka combined). Setting aside the possibility of this action setting a precedent, could the law in LaLa hurt our local green economy?

Reuters alludes to this very question:

In northern California towns like Arcata and Eureka, where marijuana has long been part of the social fabric and local economy, illicit growers have reportedly stepped up production to meet rising demand generated by the spread of clinics around the state.

So how 'bout it, growers? Will this hurt your bottom line?