Pot on Crack: How Possible Marijuana Legalization is Fueling a Land Grab
Kevin Sullivan, a local real estate broker, is quoted as saying, “People are coming from all over the place, from different states, and they’re all buying to grow or to split the land up for multiple people to grow. It’s pot on crack, and it’s driving prices up.”
This, the article points out, is affecting environmental groups. A spokesperson for the Wildlands Conservancy says they had been ready to purchase a 6,500-acre ranch on the Eel River when marijuana growers offered more than $20 million for the piece of property.
The article is a must read even though it obviously has some inconsistencies. For one thing it states that marijuana “infuses more than $400 million a year into the Humboldt economy alone” only a few paragraphs from where the Wildlife Conservancy talks about marijuana growers paying over $5 million more for a piece of land than it would have originally gone for. Though that is only one instance on one piece of property, it is indicative of marijuana adding a great deal more than $400 million a year to our local economy. That number was a low-end estimate from several years ago and is in this reporter’s opinion too low when it was made and now it is completely outdated.
All in all though, an informative article that has important implications for growers, land owners, and people concerned about both the environment and the economy.