Interesting report from MJ Biz who write…

Los Angeles might be losing its luster – for marijuana entrepreneurs, that is.

Long considered the largest cannabis market in the world, and with a customer base that would be the envy of any business owner, L.A. on Tuesday opened its latest marijuana business licensing window.

The application process is open to social equity applicants that want delivery permits and to any comer who’s interested in distribution, nonvolatile manufacturing or testing lab licenses.

But the number of applications filed in the first 24 hours – fewer than 100, according to the city’s Department of Cannabis Regulation (DCR) – reinforced what several industry insiders said is a lack of enthusiasm for the L.A. market.

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L.A. opens licensing round amid waning interest among cannabis entrepreneurs