A leader in California’s burgeoning marijuana industry says that due to state regulations coming into play next year, pot growers will be banned from exporting outside of the state, leaving producers with a glut of too much weed and nowhere to sell it.
“We are producing too much,” said Hezekiah Allen, executive director of the California Growers’ Association at a Sacramento Press Club event this week, according to a report in the Los Angeles Times. “[State growers] are going to have to scale back. We are on a painful downsizing curve,” says Allen.
Estimates are that California’s pot production is more than five times larger than the state’s consumption, meaning that under the new regulations, state growers will be losing out on a major outside market.
JULY 29, 2017 BY LEAVE A COMMENT
Jayson Maclean – CanTech Letter – July 29, 2017
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