Current:Home > reviewsHow one Oregon entrepreneur is trying to sell marijuana out of state, legally -WealthX
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View
Date:2025-04-13 08:26:22
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! (66)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Massachusetts high court rules voters can decide question to raise wages for tipped workers
- Phoenix police discriminate, violate civil rights and use excessive force, Justice Department says
- Rafael Nadal to skip Wimbledon to prepare for Paris Olympics
- Sam Taylor
- Safety concerns arise over weighted baby sleeping products after commission's warning
- Mama June Shannon Reveals She Lost 30 Pounds Using Weight Loss Medication
- Southern Poverty Law Center lays off employees amid restructuring
- Meet first time Grammy nominee Charley Crockett
- Climate protesters disrupt congressional baseball game, Republicans have 31-11 decisive victory
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- The Daily Money: No action on interest rates
- Gamestop’s annual shareholder meeting disrupted after ‘unprecedented demand’ causes tech issue
- Biden to nominate Christy Goldsmith Romero as FDIC chair after abrupt departure of predecessor
- North Carolina justices rule for restaurants in COVID
- California Legislature rejects many of Gov. Gavin Newsom’s budget cuts as negotiations continue
- Proof Golden Bachelorette's Joan Vassos Is One Step Closer to Starting Her Rosy Journey
- BIT TREASURY Exchange: Analysis of the Advantages and Characteristics of Bitcoin Technology and Introduction to Relevant National Policies
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Daniel Radcliffe on first Tony nomination, how Broadway challenged him after Harry Potter
Tyson Foods heir suspended as CFO after second alcohol-related arrest
Vanderpump Rules Star Ariana Madix's Self-Care Guide Is Your Reminder to Embrace Downtime
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Adam Silver on Caitlin Clark at the Olympics: 'It would've been nice to see her on the floor.'
Dozens of hikers became ill during trips to waterfalls near the Grand Canyon
With deal done, Disney will withdraw lawsuit, ending conflict with DeSantis and his appointees