Marijuana supply piles up in California as growers take a hit

[kpete]

Marijuana supply piles up in California as growers take a hit


BY PETER HECHT
MCCLATCHY NEWS SERVICE
The pot market is crashing in California's legendary Emerald Triangle.

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.

Purportedly legal medical cultivators are fleeing to the black market. So much cheap weed is getting dumped in the college town of Arcata, some local dispensaries say business is down 75 percent.

Even the region's itinerant and colorful bud trimmers are going broke.

Read more here: http://www.miamiherald.com/2012/05/07/2787547/marijuana-supply-piles-up-in-california.html#storylink=cpy#storylink=cpy

[lonestarnot]

1. Wow, what of the economy?

[slackmaster]

2. I had to swerve to avoid hitting several bales of the stuff that fell off a truck on the freeway

Please, people, we need HALP!

[kestrel91316]

3. It would be nice if retail prices came down at the dispensaries here.

$400+ an ounce isn't a depressed market, IMHO.

[Zorra]

4. Duh! I finally get it. Break the growers and suppliers, so that the 1% can take over

and monopolize the industry. Then legalize it at the Federal level, in order to make enormous profits by further ripping off the sick people that they have already driven into abject poverty.

Big Pharma- Bankster 1% politics. This is a prime example of 1% control of our government.

Just a continuation of the war on the sick and the dying.

I cannot for the life of me understand why this never occurred to me before.

This was right in front of my nose, and I didn't see it.

Must be gettin' old. You know, you kids need to get off my lawn and a get a job removing the 1% from power.

Occupy

[Uncle Joe]

7. That's my conclusion as well Zorra, this is just market manipulation.

The local governments with federal participation are driving out the competition so as to allow the players they want to monopolize this new industry.

It's the only thing that makes sense to me as well about this, I asked this question several times on another thread but never received an answer, of those dispensaries driven out of business how many were actually charged with a crime?

I imagine there is a lot of money changing hands for these favors.

[Zorra]

9. "there is a lot of money changing hands for these favors."

That certainly would logically explain the whole shebang.

[Comrade Grumpy]

5. Just don't get caught driving with California plates on I-80 in Nebraska...

...as you take those loads east.

[marmar]

6. End this insane drug war now.

nt

[progressoid]

8. But there isn't a federal crackdown.

Really. I read here on DU that the administration is backing off!11!