Current:Home > InvestHow one Oregon entrepreneur is trying to sell marijuana out of state, legally-InfoLens
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View Date:2024-12-23 14:44:08
In the state of Oregon, there is a glut of grass. A wealth of weed. A crisis of chronic.
And, jokes aside, it's a real problem for people who work in the cannabis industry like Matt Ochoa. Ochoa runs the Jefferson Packing House in Medford, Oregon, which provides marijuana growers with services like drying, trimming and packing their product. He has seen literal tons of usable weed being left in marijuana fields all over the state of Oregon. Because, Ochoa says, there aren't enough buyers.
There are just over four million people in Oregon, and so far this year, farmers have grown 8.8 million pounds of weed. Which means there's nearly a pound of dried, smokable weed for every single person in the state of Oregon. As a result, the sales price for legal marijuana in the last couple of years has plummeted.
Economics has a straightforward solution for Oregon's overabundance problem: trade! But, Oregon's marijuana can only be sold in Oregon. No one in any state can legally sell weed across state lines, because marijuana is still illegal under federal law. On today's episode, how a product that is simultaneously legal and illegal can create some... sticky business problems.
This episode was hosted by Amanda Aronczyk and Sarah Gonzalez. It was produced by Dave Blanchard. It was engineered by Maggie Luthar, fact-checked by Sierra Juarez, and edited by Keith Romer. Alex Goldmark is Planet Money's executive producer.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, Google Podcasts, the NPR app or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
veryGood! (8)
Related
- Voters in California city reject measure allowing noncitizens to vote in local races
- Sophie Turner Breaks Silence on Shocking Aftermath of Joe Jonas Divorce
- Human with Neuralink brain chip sees improvement after initial malfunction, company says
- One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts
- Gun groups sue to overturn Maine’s new three-day waiting period to buy firearms
- Lego set inspired by 'The Lord of the Rings' fortress to debut in June: See the $459.99 set
- The ACM Awards are on streaming only this year. Here's how to watch the country awards
- Takeaways from the AP’s investigation into how US prisoners are hurt or killed on the job
- Jelly Roll goes to jail (for the best reason) ahead of Indianapolis concert
- Wyoming sheriff recruits Colorado officers with controversial billboard
Ranking
- Jimmy Kimmel, more late-night hosts 'shocked' by Trump Cabinet picks: 'Goblins and weirdos'
- 10 indicted on charges of theft from Tuskegee University
- Apple Music reveals more albums on its 100 Best Albums of all-time list: See numbers 80-71
- Remains of Michigan soldier killed in 1950 during Korean War have been identified, military says
- Chet Holmgren injury update: Oklahoma City Thunder star suffers hip fracture
- How do I increase video quality on my phone? 5 tips to take your video to the next level
- Bumble drops controversial ad poking fun at celibacy, abstinence, issues apology
- Watch retiring TSA screening dog showered with toys after his last shift
Recommendation
-
Prayers and cheeseburgers? Chiefs have unlikely fuel for inexplicable run
-
Sun emits its largest X-class flare of the solar cycle as officials warn bursts from massive sunspot not done yet
-
Sophie Turner Breaks Silence on Shocking Aftermath of Joe Jonas Divorce
-
All eyes are on Coppola in Cannes. Sound familiar?
-
Jeep slashes 2025 Grand Cherokee prices
-
Now armed with AI, America’s adversaries will try to influence election, security officials warn
-
Pro-Palestinian protesters place fake bloody corpses at home of University of Michigan official
-
Despite Caitlin Clark's shaky debut, rookie shows future of WNBA in good hands