High Times magazine announced plans to leave New York City – where it has been headquartered for 43 years – for Los Angeles by the end of April.
The reason for the move?
“The center of the cannabis universe has moved to California,” said Matt Stang, High Times’ chief revenue officer, according to Crain’s New York Business.
The magazine has been buoyed by the legalization media blitz that has swept the nation in the past couple of years, Crain’s reported. The magazine does not reveal revenue or circulation numbers, but Stang said subscriptions have doubled in the past 18 months while its print and online advertising and events business have seen “exponential growth” in the past five years.
At a time when many print magazines are reducing the number of pages they offer, High Times has increased its page count from 112 pages several years ago to 160 pages today, according to Crain’s.
The emergence of more overseas cannabis markets offers companies billions of dollars in business opportunities.
Looks like I am not the only one leaving NYC this year for the golden state!
The ‘Golden Colombian’ state ?
“The center of the cannabis universe has moved to California,”
What? Cali has been the center of cannabis for over 50 years.
I wish them luck, something tells me this could be the beginning of the end of High Times, I would of moved to Colorado or Florida or maybe even Texas?
So many more dangerous drugs than cannabis are not on the prohibited list, like alcohol and tobacco. Why make this more complicated than it needs to be. Marijuana is a natural herb.