California's Cannabis Crisis: Growers Face Dual Threats of Wildfires and Falling Prices

California's cannabis farmers are experiencing severe challenges due to declining prices and damage from wildfires. The situation has prompted many small-scale growers to exit the industry. Federal restrictions prevent cannabis farmers from receiving financial aid for weather-related damages, unlike traditional crop farmers.

California's small-scale cannabis farmers are facing insurmountable challenges as they deal with both plummeting prices and devastating wildfire damage. This combination has forced many farmers out of the industry. Industry experts predict that as long as federal restrictions on financial aid for cannabis persist, this exodus will continue.

While other farmers can claim government support for extreme weather damages, cannabis growers remain ineligible because marijuana is still classified as a controlled substance federally.

The predicament of California's pot farmers underscores the unique challenges and vulnerabilities faced by those in the cannabis industry.

(With inputs from agencies.)