California Wildfires Once Again Create Uncertainty for Many in the Cannabis Space

Wildfires are expected to ravage California into the Labor Day Weekend, with the latest iteration¬†primarily located in Northern California with¬†three of the state’s nine most massive fires in its history.

It is unclear at this point just how much of an impact these blazes will have on California’s cannabis market.

The uncertainty seems to be part of a yearly occurrence in various parts of the state as wildfires are an all too common fixture across the state, with varying degrees of impact each year.

In 2017, many California’s market reported a significant crop loss due to the 1.3 million acres burnt.

The fires continued in the ensuing years. Analysis from New Frontier Data in 2019 found that additional damage prevented businesses from operating. Meanwhile, not as many operators experienced property loss from the fire.

“While most of the fires have been contained, not all of …

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