.jpg&width=780&altimage=media/11885282/blank.jpg "This Saturday, Nov. 11, 2017 photo shows a customer checking the various blends of marijuana from this season's harvest for sale during the High Times Harvest Cup in San Bernardino, Calif.")
As California gears up for a massive expansion of the state’s legal cannabis industry, small towns in the Inland Empire see an opportunity. Some are competing to welcome cultivators—and their money.
For a desert town east of Los Angeles that has struggled financially, the emerging pot industry might be a chance to stake a claim in something huge.
“The green rush so to speak, you know,” says Eli Owens, managing partner of Seed to Soul Farms in Desert Hot Springs.
The industry is bringing in lots of money—like, doubling six-figure offers for a parcel of desert land-type money. Owens says other towns in the area are afraid of being late to the party.
“In any industry you have a supply and demand curve, and what’s happening right now is you have a lot of people that are coming in and they’re working on the supply. And no one really knows where that supply and demand curve is going to end up,” Owens said.
One nearby town that may follow suit is Yucca Valley, which is set to vote next year on allowing marijuana cultivation.
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
Comments