Plummeting Marijuana Prices Create Panic in California. - Growery News Service

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Triptonic

Registered: 06/13/08
Posts: 15,581
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Plummeting Marijuana Prices Create Panic in California.

#418999 - 05/16/10 05:51 PM (13 years, 11 months ago)

May 15, 2010
For decades, illegal marijuana cultivation has been an economic lifeblood for three counties in northern California known as the Emerald Triangle.

The war on drugs and frequent raids by federal drug agents have helped support the local economy — keeping prices for street sales of pot high and keeping profits rich.

But high times are changing. Legal pot, under the guise of the California's medical marijuana laws, has spurred a rush of new competition. As a result, the wholesale price of pot grown in these areas is plunging. (read more)........

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Similar Threads	Poster	Views	Replies	Last post
As Vote Looms, Northern California Ponders how to Peddle Legal Pot	Triptonic	1,840	0	05/12/10 03:50 PM by Triptonic
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Future of medical marijuana cloudy.	Triptonic	1,216	0	05/16/10 05:45 PM by Triptonic

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