From the Washington Post:
Farmers in the storied “Golden Triangle” region of Mexico’s Sinaloa state, which has produced the country’s most notorious gangsters and biggest marijuana harvests, say they are no longer planting the crop. Its wholesale price has collapsed in the past five years, from $100 per kilogram to less than $25.
“It’s not worth it anymore,” said Rodrigo Silla, 50, a lifelong cannabis farmer who said he couldn’t remember the last time his family and others in their tiny hamlet gave up growing mota. “I wish the Americans would stop with this legalization.”
Not just south of the border, it’s like a slow motion disaster scenario playing out in the hills of Northern California. A drought of historic proportions and a collapsing market. Many Marijuana farmers are still sitting on last years crop unwilling or unable to sell at the low market prices. Even farmers with well established connections on the East Coast are complaining of a saturated market and much lower prices.
Is the Green Rush in the Emerald Triangle ending only to be replaced by a Gold rush similar to what happening in Sinaloa? The Cartels learned with weed, its lot easier to move people across the border to grow than to move the product. Opium poppies more drought resistant and can grow and thrive in very dry conditions like for instance Afghanistan.
Only time will tell, but one thing is for certain. With prices dropping and the potential for an even more saturated market with legalization, people will have to look to other black market products to keep their enormous profits flowing.