Eureka California - The Humboldt County Board of Supervisors approved a $1 million spending plan Tuesday to help cannabis farmers struggling to make ends meet as the price of cannabis continues to fall.
The agenda item was brought forth by the County Administrative Office and staff working on Project Trellis, the county’s cannabis micro-grant, marketing and local equity program.
“The Humboldt County cannabis industry is at a critical moment in its history,” the staff report stated. “Cannabis businesses, particularly cultivators, are struggling as they transition from a market which has been illegal for more than 50 years to a heavily regulated, but legal market. The successful transition of cultivators from the previously illicit market is important in Humboldt County as the local economy is critically linked to the success of its own cannabis industry.”
“These pleas for aid and relief stem from the recent bottoming of the cannabis market where the price per pound is now less than the cost to cultivate, process, and distribute that product,” Adair said. “… Whereas your board has previously approved CARES Act funding and other COVID-related aid to the business and nonprofit community for the adverse impact of COVID-19 on those communities, cannabis businesses and cultivators have not been able to access any pandemic-related relief dollars because they’re derived from federal funding sources.”
Read More: Humboldt County Supervisors pledge $1 million to help struggling cannabis
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