Los Angeles is scrambling to make sure the City of Angeles soon starts collecting at least $50 million a year as the world’s top spot to buy recreational marijuana. The countdown clock is ticking down to January 2, 2018, when California joins Nevada, Colorado, Washington, Oregon, Massachusetts, Alaska and Washington DC as locations to legally buy marijuana for recreational use. California state bureaucrats and politicians are almost giddy over the $1.8 billion in annual tax revenue that the New Frontier Financials expects the state will collect from its 15 percent excise and dry-weight taxes on “weed.” But many of California’s...