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Leafly

California Fires Endangering Marijuana Farms

Tuesday, October 10, 2017, By Sawyer Kamman
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California FiresfacultyHarvestMarijuanaMartin J. Whitman School of ManagementRevenue

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.”

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