When lighting up is bad for the marijuana industry

For the medical marijuana industry, smoking weed is usually a good thing. But a raging wildfire in California is bringing a bleaker meaning to the phrase.

A wildfire in northern California that started last week has burned more than 69,600 acres as of Friday morning, including marijuana farms. More than 13,000 people in the area have been evacuated, and the fire is only 45% contained, according to Cal Fire, the state agency responsible for fire protection.

The agency reports that 43 residences and 53 outbuildings — auxiliary structures like barns and sheds —have been destroyed, eight structures have been damaged and about 6,500 homes, buildings and other structures are threatened by the spreading flames.

For medical cannabis dispensaries in the region, the burned supply means additional pressure on an industry that is already under duress.
 
“We were already under pressure from the drought,” says Timothy Anderson, purchasing manager
...
Rate this article: 
Region: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://www.marketwatch.com/story/when-lighting-up-is-bad-for-the-marijuana-industry-2015-08-07