According to a report made in the beginning of January from the Orange County Register, California’s marijuana crop is not only the most valuable agricultural product in the nation’s number one agricultural producer state, but it also completely blows away the rest of the competition. Veriheal wanted to take a look into this information by diving right into the fray of agriculture. Leading in first by nearly $20 million dollars, marijuana beats out the likes of milk, almonds, grapes, cattle/calves, and lettuce. The Register pegs the value of California’s marijuana crop at more than the top five leading agricultural commodities combined. This data was used from cash farm receipts from the state Department of Food and Agriculture for agri-crops and its own estimate of in-state pot production.
Even making conservative assumptions about the value of the pot crop, it’s clear that California pot producers are growing billions of dollars’ worth of marijuana that is not accounted for by the state’s legal market. Although it’s somewhat unclear where it all goes, it’s still a phenomenon that’s not going to stop when California’s legal marijuana market goes into full effect. In the meantime, California pot growers are willing to take the risk if it brings the green.
For more information on this, reach out to the Veriheal team for more information.