If it isn’t bad enough that innocent people are losing their lives, homes, and businesses, the California wildfires are burning up Weed fields faster than the crowd at the ’69 Woodstock festival.
Twenty-two fires have destroyed more than 16,000 acres so far in California, and marijuana growers are starting to report devastation to their prized crop which is about to be sold recreationally (yes, legally) relatively soon.
Although there are larger problems going on with the world, believe it or not, this could ruin a lot of people’s lives.
After all, because these farms are technically illegal under federal law, there is simply very little that insurance can do to help.
“Nobody right now has insurance,” Nikki Lastreto, secretary of the Mendocino Cannabis Industry Association told WTVR. “They might have insurance on their house, but not on their crop.”
According to state laws, CA farmers can invest up to $5 million in their weed-growing facilities and can spend roughly $3 million on plants alone.
Again, the timing sucks for California as recreational pot will soon be legal there. Overall sales on pot have totaled just under $3 billion dollars and could hit roughly $7 billion in three years.
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