California Fires Endangering Marijuana Farms
As wildfires ravage through California, marijuana farms and their crop are at stake. The fires are threatening many legal growing sites, which could see a huge loss of revenue if the plants are torched. Whitman Entrepreneur Professor of Practice John Torrens was quoted in a Leafly article on this topic.
“October is the official end to the outdoor growing season. While many harvests may be underway, a considerable number of growers are in the pre- and early stages of their harvest,” he said. “Some grows are as large as 40 acres. With average price per pound of cannabis being $1,000, an acre of marijuana can yield as much as $800,000 (compared to $644 for corn, $400 for soybeans and $232 for wheat). A 40 acre grow could see a loss of $32M in product.”