Current:Home > InvestHow one Oregon entrepreneur is trying to sell marijuana out of state, legally -GrowthSphere Strategies
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View
Date:2025-04-15 22:39:01
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! (446)
Related
- Current, future North Carolina governor’s challenge of power
- Helene death toll climbs to 90 | The Excerpt
- Murders, mayhem and officer’s gunfire lead to charges at Brooklyn jail where ‘Diddy’ is held
- Dikembe Mutombo, a Hall of Fame player and tireless advocate, dies at 58 from brain cancer
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Fantasy football buy low, sell high: 10 trade targets for Week 5
- Julianne Hough Claps Back at Critics Who Told Her to Eat a Cheeseburger After Sharing Bikini Video
- Man is sentenced to 35 years for shooting 2 Jewish men as they left Los Angeles synagogues
- Skins Game to make return to Thanksgiving week with a modern look
- When is 'Love is Blind' Season 7? Premiere date, time, cast, full episode schedule, how to watch
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- A Black man says a trucking company fired him because he couldn’t cut off his dreadlocks
- Harris, Trump shift plans after Hurricane Helene’s destruction
- A sheriff is being retried on an assault charge for kicking a shackled detainee twice in the groin
- Arkansas State Police probe death of woman found after officer
- After CalMatters investigation, Newsom signs law to shed light on maternity ward closures
- 2024 NBA Media Day: Live updates, highlights and how to watch
- Movie armorer’s conviction upheld in fatal ‘Rust’ set shooting by Alec Baldwin
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Criminals set up fake online pharmacies to sell deadly counterfeit pills, prosecutors say
Dikembe Mutombo, a Hall of Fame player and tireless advocate, dies at 58 from brain cancer
Benny Blanco Has the Best Reaction to Selena Gomez’s Sexy Shoutout
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Dikembe Mutombo, NBA Center Legend, Dead at 58 After Cancer Battle
‘Sing Sing’ actor exonerated of murder after nearly 24 years in prison
Channing Tatum Admits He's Freaking Out Over Daughter Everly's Latest Milestone