Today’s must-read: 1. Oaksterdam owner Rich Lee told the Chronicle that local growers “are more scared of legalization than they are of the cops,” as the Oakland City Council is set to discuss the state’s first large-scale pot farm regulations. Fully legal pot would cost roughly 85 percent less to produce, cut into grower and dealer profits, and save consumers billions of dollars, a RAND study found. “A lot of these growers want to keep things as they are now.” Meanwhile, the LA Times reports that Oakland City Attorney John Russo has told the council that large-scale pot grows would be illegal under both federal and state law. The White House called Oakland’s ordinance “the latest example of ongoing efforts to legitimize, through local ordinances, activities that remain illegal under federal law.” More news after the jump:
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