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Marijuana growth sparked hundreds of millions in value for this Southern California county

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Marijuana growth sparked hundreds of millions in value for this Southern California county

While most of the state isn’t so lucky, there’s one Southern California county that is riding a high on legal cannabis production, according to a recent report.

Santa Barbara County released its crop report this week, and it showed that more than 9 million pounds of the plant was grown in the county in 2023 — which is worth more than $328 million. According to SFGate, the total weight of cannabis production was up 45% from 2022.

The only crop more valuable in Santa Barbara County in 2023 were strawberries.

FILE – Marijuana plants are seen at a growing facility in Washington County, N.Y., May 12, 2023. New York will evaluate its troubled recreational marijuana licensing program after lawsuits and bureaucratic stumbles severely hampered the legal market and allowed black-market sellers to flourish, Gov. Kathy Hochul ordered Monday, March 18, 2024. (AP Photo/Hans Pennink, File)

The figures come as the legal recreational marijuana industry has struggled in the state in recent years. Reasons for the tough figures include high taxes and regulation, according to industry executives, resulting in lower prices through illegal marijuana sales.

Culver City-based MadMen recently reshuffled its executives after its stock plummeted toward $0 per share.

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The numbers out of Santa Barbara County, however, may be reason for optimism for those in the industry. According to the county, a stronger-than-typical rain season contributed to the boom in production.

Recreational marijuana was legalized in California after voters approved proposition 64 in the November 2016 general election.

Los Angeles, Ca

California primary election results: governor and L.A. mayor races

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California primary election results: governor and L.A. mayor races

With a little more than half of the vote counted, Republican Steve Hilton opened a one-point lead over Democrat Xavier Becerra in California’s governor’s race Wednesday morning, 27% to 25%, respectively. Democrat Tom Steyer was in third with 20%, raising the strong likelihood that Hilton and Becerra will advance to November’s runoff. Meanwhile, Los Angeles […]

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Los Angeles, Ca

L.A. police in pursuit of suspected car thief

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L.A. police in pursuit of suspected car thief

Officers with the Los Angeles Police Department are in pursuit of a person behind the wheel of a vehicle that has been reported stolen. Preliminary, though unconfirmed, details suggest the suspect stole the vehicle, a 2012 Hyundai, in downtown L.A., near the intersection of 7th and Figueroa streets. The suspect is believed to have struck […]

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2 women killed after being struck by BMW in Orange County intersection

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2 women killed after being struck by BMW in Orange County intersection

An investigation is underway after two women were struck and killed by a driver in Orange County on Monday night. Dispatchers received multiple 911 calls around 9 p.m. reporting that a BMW had hit two pedestrians at the intersection of Magnolia and Cerritos avenues in Stanton, an Orange County Sheriff’s Department spokesperson confirmed. When deputies […]

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