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Could the legalization of marijuana in some states hurt the flower industry?

That’s a possibility according to the CEO of 1-800-Flowers. CEO Jim McCann told Fox Business growers in some states are considering growing cannabis instead, as it could lead to much bigger profits.

“There are a few states now, I haven’t seen it impact us yet, but we are concerned because some growers with enormous greenhouse facilities in California or Colorado or perhaps in Oregon are saying, ‘Is this the best crop I can grow, these flowers for all these florists around the country? Maybe I can switch to cannabis and get 10 times on the revenue line.’ That’s a big concern of ours,” McCann said.

States that are ideal for growing flowers also happen to allow cannabis production, McCann said.

He said many growers will likely decide soon whether to switch over.

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