Don’t Blame Wildfires for Rising California Cannabis Prices
The fires simply aren’t enough to disrupt a marketplace already drowning in biblical oversupply.
October’s vicious Northern California wildfires, the deadliest and most damaging in US history, also dealt an unprecedented blow to California’s emerging legal cannabis industry—and at a crucial moment.
In addition to at least 43 deaths and the destruction of more than 8,900 homes and buildings, the fires’ casualties included at least 47 legal marijuana farms, according to the most recent tally from the California Growers Association.
Total damage to legal cannabis crops is now estimated at “$60 million or greater,” according to Hezekiah Allen, the association’s executive director.
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