An Odd Market Consideration?

[Orion Walker]

Hi Folks,

I live in Ukiah, California, (Mendocino County) which is 2 hours north of San Francisco, one hour north of Santa Rosa. This area is infamous for being part of the "Emerald Triangle" meaning Marijuana is a substantial part of the economy. Various study's have been done showing that it is probably the largest industry in this region. I bring this up because many here suspect that a legalization bill will pass in 2016 which will cause the economy in this region to take a huge dive (scarcity keeps prices high). Some have cautioned against buying in this area because they expect this huge economic downturn. 

Personally, I tend to think that we have enough other fundamentals going for us in this region (wine, tourism, proximity to bay area...) that it won't have a huge effect, but I'm curious what others think. So, anyone have thoughts/input on this?