Raising cattle on land that can be used to grow recreational marijuana is becoming more and more difficult to justify. The life of a farmer in modern America has grown to be a difficult way to make a living. In addition to the hardships involved in agriculture, the lives of chicken and other livestock farmers continue to be scrutinized for their cruelty towards animals and negative impacts on the environment and public health. At the same time that farming in America has become more difficult in many regards, it has become a goldmine for some livestock farmers who have switched to growing cannabis in states that have legalized marijuana. With the continued growth of recreational cannabis, one must wonder if cannabis may just have the momentum to shift the trajectory of American farming from mammals to marijuana. One fact is certain: cannabis is a real cash crop, and it keeps on growing. In fact, some strategists predict that cannabis taxes alone may generate $12 billion for U.S. states by 2030, according to Fortune. While other businesses tanked, marijuana sales grew. Marijuana growing licenses are highly competitive in states where it is legal to grow, and some of the best-growing lands in these states are becoming coveted similarly to that of a wine region. Some of this land has become so costly that farmers have stopped raising animals in these lands altogether. The profits from livestock on this land can be a fraction of the earning potential of marijuana.
420 Intel – Marijuana Industry News, 01/26/2022 19:00:00