Current:Home > NewsHow one Oregon entrepreneur is trying to sell marijuana out of state, legally-VaTradeCoin
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View Date:2025-01-09 11:59:56
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! (9578)
Related
- Kirk Herbstreit berates LSU fans throwing trash vs Alabama: 'Enough is enough, clowns'
- Israeli Prime Minister Benjamin Netanyahu hospitalized for dehydration amid heat wave
- When extreme rainfall goes up, economic growth goes down, new research finds
- Get ready for another destructive Atlantic hurricane season
- Rita Ora pays tribute to Liam Payne at MTV Europe Music Awards: 'He brought so much joy'
- Carlos Alcaraz defeats Novak Djokovic in epic Wimbledon showdown
- U.S. rejoins UNESCO: It's a historic moment!
- Yellowstone's northern half is unlikely to reopen this summer due to severe flooding
- Fantasy football buy low, sell high: 10 trade targets for Week 11
- As carbon removal gains traction, economists imagine a new market to save the planet
Ranking
- Japan to resume V-22 flights after inquiry finds pilot error caused accident
- Pamper Your Skin and Get $115 Worth of Josie Maran Hydrating Products for Just $59
- COVID outbreak on relief ship causes fears of spread in Tonga
- Thousands evacuate worst Australian floods in decades
- High-scoring night in NBA: Giannis Antetokounmpo explodes for 59, Victor Wembanyama for 50
- The U.S. may force companies to disclose climate risks, marking a historic change
- To get by in a changing climate, plants need animal poop to carry them to safety
- Lawsuit alleging oil companies misled public about climate change moves forward
Recommendation
-
Spurs coach Gregg Popovich had a stroke earlier this month, is expected to make full recovery
-
Australia's Great Barrier Reef is hit with mass coral bleaching yet again
-
As a wildfire closes in, New Mexico residents prepare to flee
-
These 15 Cheap Beauty Products Have Over 10,000 Five-Star Reviews on Amazon
-
Bull doge! Dogecoin soars as Trump announces a government efficiency group nicknamed DOGE
-
How Vanderpump Rules' Scheana Shay Really Feels About Filming With Raquel Leviss and Tom Sandoval
-
Yacht called Kaos vandalized by climate activists in Ibiza
-
Pedro Pascal's BFF Sarah Paulson Hilariously Reacts to His Daddy Title