The Subsequent Risk to Large Marijuana Firms Comes From Approach South of the Border

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There was greater than 180 rose growers alongside the freeway in California’s Monterey County. Now there’s just one. The flower trade went south to the lower-cost nation of Colombia.

With marijuana legalization in California, Monterey’s greenhouses have shifted from rising roses to rising cannabis. However Paul Henderson—whose Salinas-based firm Grupo Flor was instrumental in Monterey’s marijuana revival—isn’t ready for North America’s cannabis growers to undergo the identical destiny as its flower producers. So Grupo Flor is getting ready to plant its first crop a few hours exterior the Colombian metropolis of Cali.

“When the trade begins to maneuver towards commoditization over the subsequent decade,” says Henderson, “Colombia is the one place that is sensible.” An equatorial local weather and low-cost, expert labor give Colombia a transparent benefit in agricultural commerce. And that makes the nation a risk to North American corporations like Cover Development (ticker: CGC), Tilray (TLRY) andAurora Hashish (ACB). These corporations have invested lots of of hundreds of thousands of {dollars} in constructing the climate-controlled grow-operations wanted to develop weed in chilly latitudes. [Read more at Barron’s]



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