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Medical marijuana dispensaries in L.A. go up in smoke

Industry insiders have predicted that Colorado's new medical-marijuana laws might

nearly halve the number of dispensaries

in the state, and some of Denver's dispensaries are on the hit list. But since new laws were instituted in Los Angeles, the reduction has been far more dramatic, with hundreds of dispensaries required to close under a city ordinance that recently took effect.

Close to a hundred of those dispensaries have filed for preliminary injunctions against the city in Los Angeles Superior Court, charging that the new ordinance discriminates against shops that opened after 2007.

You can read all about it -- and get a preview of some of the legal action that could be coming here -- in this June 19 Wall Street Journal story.

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