Anecdotal, but my uncle has lived in Long Beach for 35 years and he said the bubble is about to pop from over saturation of the dispensary market.
On a side note, visited the ONE rec dispensary in all of Upper Michigan. $620 for a half ounce of flower. I’d like to cordially invite the folks there to kiss my ass. Bought a $25 gram of their “Platinum” shit, I got better bud from a dude in a beat up toyota in P-Town VA.