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ARCATA The pot market is crashing in California's legendary Emerald Triangle.The closure of hundreds of marijuana dispensaries across California and a federal crackdown on licensing programs for medical pot cultivation are leaving growers in the North Coast redwoods with harvested stashes many can't sell.
Some pot cultivators who sought legitimacy through the medical market are fleeing to the black market. So much cheap weed is getting dumped in the college town of Arcata, some local dispensaries say business is down 75 percent. Even the region's itinerant and colorful bud trimmers are going broke.
By the scores, people have long trekked into the marijuana fields and indoor greenhouses of Humboldt, Mendocino and Trinity counties. Workers used to earn as much as $200 a pound meticulously cutting leaves from marijuana buds, prepping them for display at dispensaries or for sale in a purely illicit market.
These days, a 47-year-old man called Mover, a dreadlocked migrant from Ohio who is a fixture in downtown Arcata, says the tedious work isn't worth his trouble as the per-pound
pay rate has dropped to $100 or often just a few nuggets of pot.
"I got paid in weed," Mover, who refused to give his real name, said of his last trimming job. "It's worthless here. You can't give it away. And I'm not going to transport anything. I'm too old, and I don't want to go to jail."
The region's pot pilgrimage had accelerated in recent years as people were drawn by local cannabis traditions and dreams of cashing in on the medical marijuana market. They planted marijuana in the backwoods and in rewired houses with high-intensity grow lights.
But the saturation of pot growers set off a price tumble by 2010, as a pound of prime Emerald weed slipped from $5,000 to the $3,000 range for marijuana grown indoors and to the $2,000 range for product grown outdoors. Lately, prices are in free-fall.
"Last I heard, a pound of marijuana is $800 for outdoor grown," said
Mendocino County Sheriff Tom Allman in Ukiah. "That's plummeting. You might do better with tomatoes."
The marijuana meltdown could have major regional effects. In Humbolt County
, a recent study by a local banker estimated marijuana accounts for more than a fourth of the county's $1.6 billion economy.
In recent years, many locals already thought the influx of pot growers exceeded demand in the state's sanctioned medical pot market. When U.S. authorities in October announced a crackdown on medical marijuana businesses that they contended were profiteering in violation of federal and state laws, it darkened growers' fears.