Cannabis industry faces unique risks as LA fires spread
Green Market Report
Wed, Jan 8
Key Points
- Southern California marijuana businesses are facing challenges from the latest round of wildfires, including limited insurance coverage, smoke damage, and evacuations
- The Pacific Palisades fire is one of the wildfires affecting the region's cannabis industry
- The ongoing financial pressures on the sector are likely to be worsened by the wildfires
- Marijuana businesses will need to navigate the difficulties of the current situation, including potential damages and lost revenue
Southern California marijuana businesses facing direct and residual effects of the latest round of wildfires will yet again have to deal with the challenges that come with limited insurance coverage, smoke damage and evacuations that will likely compound the sector’s existing financial pressures.
According to local outlets, the Pacific Palisades fire,...
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