There was a Time When the Main Business of The "Emerald Triangle" was Growing Illegal Marijuana... That's OVER... According to a Friend of Mine that Lives in Garberville (and he would know) No One Can Make a Profit Anymore... and That Town will Soon become a Ghost Town...
.jpg "Humboldt County: The End of an ERA - Legal Marijuana put all the Family Farmers Out of Business... It's all Corporate - Corporate Now.")
https://thecannabistrail.org/
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“California farmers are producing four to five times more cannabis than our legal market can consume,” she said. “Simple supply and demand economics demonstrates when your supply outpaces your demand, the prices go down. The question of survivability is in question.”
Currently, there are 1,775 acres of cannabis licensed by the state – 435 of which are in Humboldt County – which conservatively produces more than 6 million pounds of cannabis annually, however, California only consumes approximately 2.5 million pounds of cannabis annually, DeLapp said, citing data from the California Department of Food and Agriculture’s 2017 Standard Regulatory Impact Analysis.
“Not all cannabis consumed in California is purchased at legal retailers, so a very conservative estimate is that we’re producing twice what the legal market can consume, but in reality, it’s probably worse than that,” DeLapp explained. “The bulk of this overproduction is attributable to large-scale farms outside the Emerald Triangle, on the Central Coast and elsewhere, where it’s common for single farms to be permitted for dozens of acres. These areas are continuing to bring hundreds of acres of new production online despite the fact that there’s no market for new large-scale production.”
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