![]() Nationwide, legal cannabis cultivators last year sold 2,834 metric tons for $5.03 billion under 13,297 licenses. Yet a year later, legal weed in the state had slid to eighth place among state crops, tying with rice ($1 billion). That would be behind almonds ($5.25 billion), table and wine grapes ($4.49 billion), lettuce ($3.07 billion), pistachios ($2.62 billion) and strawberries ($2.21 billion), but ahead of conventional flowers ($967 million) and walnuts ($948 million). In 2020, Leafly’s estimate of California crop wholesale revenue for legal cannabis would rank it sixth statewide, comparing Leafly’s data with those from the U.S. “This is a historic time for the plant and the culture and the industry,” Downs said. Virginia voters OK’d it last year for personal use but not for retail sale.įour more states - Maryland, Missouri, North Dakota and South Dakota - have it on their November ballots. Lighter North Coast cannabis harvest is expected as growers await price recoveryĪfter permitting medical marijuana in the mid-1990s, California voters legalized adult recreational use in 2016. “There's a period of tumult, and we are in it - the historic interregnum for the Prohibition era falling and the next era rising,” Downs said. 3 at Glentucky Family Farm, a Sonoma Valley produce, herb and cannabis operation run by natural-methods vintner and now cultivator Mike Benziger.ĭowns noted both the rapid rise of the legal crop nationwide and the legal industry’s uphill fight. ![]() Leafly Senior Editor David Downs discussed the report at a local cannabis industry roundtable hosted by local dispensary Solful on Nov. The Seattle-based online marketplace and information service for legal weed found that the legal crop in the state weighed in at 577 metric tons, up from 517 a year earlier, yet the number of cultivation licenses slipped by nearly 9% to 6,881. ![]() The wholesale value of cannabis for adult use from licensed Golden State farmers was $1 billion last year, down from $1.66 billion in 2021, according to a cannabis harvest report released Nov. The value of California’s legal cannabis crop dropped 39.7% last year while tonnage increased 12%, another sign of how the licensed industry continues to struggle to survive competition from the illicit trade and regulatory challenges, a new report said. ![]()
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