Los Angeles voters approve limiting medical marijuana shops

By Alex Dobuzinskis LOS ANGELES (Reuters) – Los Angeles, which has more storefront medical marijuana shops than any other U.S. city, will close hundreds of the dispensaries and hike taxes on those that will be allowed to remain under a ballot measure approved by a wide margin of voters. Nearly 63 percent of voters supported Proposition D, which will cap the number of medical pot dispensaries at 135, compared with 37 percent opposed, according to preliminary results released on Wednesday, the day after the vote. …