Tuesday, February 26th

The Local Impact of Cheap Marijuana

Time: 5:30 pm

Description:

Redwood Capital Bank Vice President and Regional Area Manager Jennifer Budwig will discuss how Humboldt County’s economy would be affected by low-cost, legalized marijuana in a talk presented by the Humboldt Institute for Interdisciplinary Marijuana Research.

Budwig, an HSU alum (’89, Business Administration) and active in the local banking industry for more than 20 years, will examine the potential economic impact if marijuana were legalized, generating a major increase in supply and greatly reduced prices. The probability of legalization appears to be rising, she notes, and if it led to mass production, profits to local producers might plummet.

Budwig’s research confirms that marijuana has increasingly filled the economic gap in Humboldt County left by the steep decline in the timber and fishing industries. The scope and scale of the county’s underground economy are powerful enough to affect “all local businesses and individuals,” she says. Once again the county finds itself overly dependent on a single resource, continuing an historical pattern that has stunted the county’s economic diversification and imperiled its environment for decades.

Price: Free

Location:

Native American Forum

Contact:

Erick Eschker
erick@humboldt.edu

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