June 20th, 2012

Despite recording more than $15 million in sales during the peak of California’s pot boom in 2009, one of the state’s largest medical marijuana dispensaries only registered $100,000 in profit. So where did all the money go? Our new story offers an inside look at the Berkeley dispensary’s finances, which included nearly $1 million for top executives, advertising, security, accountants, attorneys and a host of other operating expenses. 

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California Watch, the largest investigative journalism team operating in the state, was launched in 2009 by the nonprofit, nonpartisan Center for Investigative Reporting. Areas of coverage include education, health and welfare, public safety, the environment and the influence of money on the political and regulatory process.