Current:Home > FinanceHow one Oregon entrepreneur is trying to sell marijuana out of state, legally -Profound Wealth Insights
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View
Date:2025-04-14 16:26:00
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! (437)
Related
- New data highlights 'achievement gap' for students in the US
- FACT FOCUS: Trump, in Republican convention video, alludes to false claim 2020 election was stolen
- FACT FOCUS: Trump, in Republican convention video, alludes to false claim 2020 election was stolen
- Florida man arrested in after-hours Walgreens binge that included Reese's, Dr. Pepper
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Parent Trap's Lindsay Lohan Reunites With Real-Life Hallie 26 Years Later
- Why Taylor Swift Fans Think She Serenaded Travis Kelce at Eras Tour With Meaningful Mashup
- Parent Trap's Lindsay Lohan Reunites With Real-Life Hallie 26 Years Later
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- WNBA players’ union head concerned league is being undervalued in new media deal
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Alabama to execute Chicago man in shooting death of father of 7; inmate says he's innocent
- U.S. Navy exonerates Black sailors unjustly punished in WWII Port Chicago explosion aftermath
- 'Twisters' movie review: Glen Powell wrestles tornadoes with charm and spectacle
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Rooftop Solar Was Having a Moment in Texas Before Beryl. What Happens Now?
- Family of Alabama man killed during botched robbery has 'long forgiven' death row inmate
- Book excerpt: Godwin by Joseph O'Neill
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Atlanta man arrested after driving nearly 3 hours to take down Confederate flag in SC: Officials
Blake Lively Shares Cheeky “Family Portrait” With Nod to Ryan Reynolds
Climate change is making days longer, according to new research
New data highlights 'achievement gap' for students in the US
Lucas Turner: Investment Opportunities in Stock Splitting
Is vaping better than smoking? Here's what experts say.
Cavan Sullivan becomes youngest in US major sports to make pro debut