skip to Main Content
‘Times are really, really tough’: Plummeting cannabis prices strain small Northern California farmers

Humboldt County cannabis farmers are drowning in a flooded market. As the price of cannabis continues to fall, small farmers struggling to stay afloat fear for the sustainability of their future.

Jason Gellman, a second-generation cannabis farmer and owner of Ridgeline Farms in Southern Humboldt, has watched the cannabis industry evolve since he was a kid. He admitted that he has an advantage because his brand is well known throughout the region and much of the state. Even still, he said he’s struggling to sell his crop.

“Times are really, really tough for small farmers,” he said. “Most of us are in the red right now and if you are lucky enough to sell your product, it seems to be the average price per pound is around $700 which is way, way down. The county wants their money, the state wants their money, the banks want their money, the trimmers need to be paid and all of the other fees. For a small farmer, it costs around $500 to grow a pound. It’s barely paying the bills.”

In June, the wholesale price for cannabis from last year’s harvest dropped from around $1,200 a pound when the 2021 light deprivation or “dep” crop began to hit the market, according to Humboldt County Growers Alliance executive director Natalynne DeLapp.

“The wholesale price for 2021 deps is between $650 and $750 a pound,” she said. “The wholesale price for 2020 AAA grade flower is between $400 and $500 a pound, otherwise as low as $200 to $400 per pound. [Read More @ Silicon Valley News]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

My Conversation With A Cannabis Social Media Expert

Is social media worth the time, money, and effort to build brand awareness in the cannabis industry when borders are closed, and the rules are so restrictive? Today we’re talking to our social media partner, Amy Donohue from Hybrid Social, to discuss why social media is the place to build brand, community, and authenticity through…

California Cannabis Lender License Requirements

by Griffen Thorne, Attorney at Harris Bricken Cannabis businesses need money – and lots of it – to operate. Being mostly startups, operational profits are not enough to sustain their business. So cannabis businesses take on outside capital generally in one of two ways: taking on debt from cannabis lenders or bringing in equity investors.…

Beating the Benchmarks: How to Maximize Profits From Your Outdoor Grow

Growing cannabis outdoors is a gamble. The upside is a high return for a relatively small investment. Outdoor cultivation requires the lowest capital and operational expenditures compared to indoor or greenhouse growing, with the potential for equal or greater yields per square foot of canopy. The downside is the risk. Weather conditions can make or…

Cilicon Unveils a Brand-New 3mL Disposable Cannabis Vape Device-ELEV Air2

PRESS RELEASE Cilicon recently introduced a newborn ELEV Air2, expanding its disposable sizable product portfolio and building on its success in elegant design integration and continuous improvement in developing a powerful and larger capacity feature of the disposable cannabis vape device. CILICON ELEV Air2 challenges the limit of microporous ceramics in cannabis atomization and redefines…

More Categories

Back To Top
×Close search
Search