420 with CNW — Humboldt County OKs $1M Grant Targeting Marijuana Growers

October 8, 2021 16:25:25

Despite its relatively young age, America’s state-legal cannabis industry has been insanely lucrative. In just a few short years, the sector has generated billions of dollars in revenue, created hundreds of thousands of new employment opportunities, and filling state coffers with millions in tax revenue. However, while some cannabis farmers and companies have been laughing all the way to the bank, others are struggling to keep their heads above water and barely holding on. It has gotten so bad that California’s Humboldt County has okayed a $1 million grant to help cannabis cultivators survive amid a significant drop in cannabis wholesale prices.

With a growing number of players jumping into the sector, the cannabis market has been flooded with so much product that it has outweighed demand by a significant margin. Consequently, cannabis prices have been declining, ultimately falling to a…

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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