Mexican marijuana farmers see profits tumble as U.S. loosens laws
People don't want to abandon their illicit crops, but more and more they are realizing that it is no longer good business
Los Angeles Times (US)
Wednesday, December 30, 2015
Wednesday, December 30, 2015
The loosening of marijuana laws across much of the United States has increased competition from growers north of the border, apparently enough to drive down prices paid to Mexican farmers. Small-scale growers here in the state of Sinaloa, one of the country's biggest production areas, said that over the last four years the amount they receive per kilogram has fallen from $100 to $30. The price decline appears to have led to reduced marijuana production in Mexico and a drop in trafficking to the U.S., according to officials on both sides of the border and available data.
