Vendors offer marijuana for sale at the High Times Cannabis Cup in San Bernardino. Richard Vogel AP file
Consumers would be able to buy cannabis directly from cultivators at farmers markets just like they do for produce, under legislation approved Tuesday by the state Assembly Committee on Business and Professions.
The push to allow small farmers to sell directly comes as the cultivators are seeing their most daunting financial challenges since the legalization of cannabis in 2018.
The wholesale prices farmers receive for outdoor grown marijuana collapsed to $488 a pound for the week ending April 15, a more than 55 percent drop from from 15 months earlier, shows research firm Cannabis Benchmarks.
To Read The Rest Of This Article By Randy Diamond on The Sacramento Bee
Published: April 27, 2022
Founder & Interim Editor of L.A. Cannabis News