Current:Home > FinanceHow one Oregon entrepreneur is trying to sell marijuana out of state, legally -AssetLink
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View
Date:2025-04-16 11:41:02
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! (51211)
Related
- A South Texas lawmaker’s 15
- Federal judge's ruling puts billions at stake for NCAA
- Summer House's Carl Radke Defends Decision to Call Off Wedding to Lindsay Hubbard
- Anthropologie Is Offering an Extra 40% Off Their Sale Section Right Now and We Can’t Get Enough Of It
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- How real estate brokerage ruling could impact home buyers and sellers
- Birmingham-Southern College leader confident school can complete academic year despite money woes
- Blinken meets Palestinian leader in West Bank, stepping up Mideast diplomacy as Gaza war escalates
- Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
- Blinken meets Palestinian leader in West Bank, stepping up Mideast diplomacy as Gaza war escalates
Ranking
- A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
- A muted box office weekend without ‘Dune: Part Two’
- Why 'Tyler from Spartanburg' torching Dabo Swinney may have saved Clemson football season
- 'Wait Wait' for November 4, 2023: With Not My Job guest Dr. Rae Wynn-Grant
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- A Ukrainian missile strike on a shipyard in Crimea damages a Russian ship
- Supporters celebrate opening of Gay Games in Hong Kong, first in Asia, despite lawmakers’ opposition
- LSU vs. Alabama: The best plays and biggest moments from Crimson Tide's win over Tigers
Recommendation
Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
Fatal vehicle crash kills 4 in Maryland
The hostage situation at Hamburg Airport ends with a man in custody and 4-year-old daughter safe
A muted box office weekend without ‘Dune: Part Two’
A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
Kourtney Kardashian, Travis Barker welcome a baby boy, their 1st child together
Small biz owners are both hopeful and anxious about the holidays, taking a cue from their customers
Spanish league slams racist abuse targeting Vinícius Júnior during ‘clasico’ at Barcelona