California's Emerald Triangle Pot Market Drops Out
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Peter Hecht, Sac Bee, May. 6, 2012
The closure of hundreds of marijuana dispensaries across California and a federal crackdown on licensing programs for medical pot cultivation are leaving growers in the North Coast redwoods with harvested stashes many can't sell....
But the saturation of pot growers set off a price tumble by 2010, as a pound of prime Emerald weed slipped from $5,000 to the $3,000 range for marijuana grown indoors and to the $2,000 range for product grown outdoors. Lately, prices are in free-fall.
"Last I heard, a pound of marijuana is $800 for outdoor grown," said Mendocino County Sheriff Tom Allman in Ukiah. "That's plummeting. You might do better with tomatoes."
...
Pressures on growers intensified after federal Drug Enforcement Administration agents raided a marijuana farm that had been licensed by Mendocino County and was considered a model for establishing local compliance rules for medical cultivation.
The raid prompted Mendocino County supervisors in January to rescind a program that allowed the sheriff to enforce a 99-plant limit on pot farms by attaching $50 zip ties to each plant and inspecting the gardens of nearly 100 growers who provided documentation to show they were serving medical pot users...
Read more here: http://www.sacbee.com/2012/05/05/4467516/californias-emerald-triangle-pot.html
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