US: Cannabis boom squeezing farmland in North America

While the coronavirus pandemic has caused the collapse of retail businesses across the globe, there is one thing people have been buying more of during months of lockdown: marijuana.

The legal cannabis industry set sales records across the United States and Canada over the past six months, according to cannabis analytics firm New Frontier Data, which partially attributed the market’s growth to the COVID-19 outbreak.

That lucrative revenue stream has caught the eye of cash-strapped local and state officials, but the surge in interest in cannabis has farmers and land experts worried about competition for the land needed to grow the plant.

In recent years, leasable farmland has been harder to come by “because cannabis farmers could pay so much more,” said Maud Powell, an associate professor in the Small Farms Program at Oregon State University.

“It’s like a land grab ... the green rush, they call it,” she told the Thomson Reuters Foundation.

Read more at reuters.com


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