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.
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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."