How would you write legislation to make the growing of industrial cannabis...

...legal and prosperous? California's proposition 19 bid to legalize marijuana did not pass by a vote of 54% to 46%.
How much does this effect the ability to write and then pass legislation that makes the growing of industrial cannabis legal and profitable i.e. the grower does not need to have tall barbed wire fence and security system in order to grow a crop or other such restrictions.
 
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