Wildfire Threat Looms Over California Cannabis Industry California’s huge cannabis industry, valued at $5 billion, faces a precarious future as wildfire risks intensify and insurance options dwindle. The industry’s vulnerability is exacerbated by the withdrawal of major insurers and the inadequacy of the state’s FAIR plan to provide necessary coverage for cannabis growers. Rising Risk in Rural Areas Cannabis, a relatively new yet lucrative crop in California, is predominantly cultivated in rural areas, placing it at a significant risk from wildfires. According to recent research by the Department of Environmental…
Read MoreCalifornia’s $5 Billion Cannabis Boom Faces Fiery Peril: Insurance Vanishes as Wildfires Close In
