The cannabis industry in Colorado suffered a major blow this week as cold temperatures destroyed potentially millions of dollars worth of outdoor plants.
The dramatic 70-degree temperature drop that occurred in Colorado on Tuesday, combined with snowfall, surprised cannabis farmers before they were able to harvest.
It's not often you'll see a short-term weather story that looks like this from one day to the next. Saving for posterity…@NWSBoulder #cowx #WeatherWhiplash pic.twitter.com/6lsZrCpD8j
— ColoClimateCenter (@ColoradoClimate) September 6, 2020
Nick Drury, the director of cultivation at Denver cannabis company Lightshade, told The Denver Post that the result could be less lower-grade competition for indoor growers and an increase in price for extract materials.