Current:Home > StocksHow one Oregon entrepreneur is trying to sell marijuana out of state, legally -EverVision Finance
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View
Date:2025-04-17 19:52:52
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! (649)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Alec Baldwin to stand trial this summer on a charge stemming from deadly ‘Rust’ movie set shooting
- AT&T to offer customers a $5 credit after phone service outage. Here's how to get it.
- Officials honor Mississippi National Guardsmen killed in helicopter crash
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- A school bus driver dies in a crash near Rogersville; 2 students sustain minor injuries
- This Toddler's Viral Golden Girls Hairstyle Is, Well, Pure Gold
- Jodie Turner-Smith speaks out about Joshua Jackson divorce: 'I don't think it's a failure'
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Scientists find new moons around Neptune and Uranus
Ranking
- Highlights from Trump’s interview with Time magazine
- Reddit's public Wall Street bet
- Consumers are increasingly pushing back against price increases — and winning
- Bradley Cooper Proves He Is Gigi Hadid’s Biggest Supporter During NYC Shopping Trip
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Kenneth Mitchell, 'Star Trek: Discovery' actor, dies after battle with ALS
- Chris Gauthier, character actor known for 'Once Upon a Time' and 'Watchmen,' dies at 48
- What The Bachelor's Joey Graziadei Wants Fans to Know Ahead of Emotional Season Finale
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
'American Idol' judges say contestant covering Billie Eilish's 'Barbie' song is 'best we've ever heard'
Fort Wayne Mayor Tom Henry says he has late-stage stomach cancer
FTC and 9 states sue to block Kroger-Albertsons supermarket merger
Former Danish minister for Greenland discusses Trump's push to acquire island
Consumers are increasingly pushing back against price increases — and winning
Tipped-over Odysseus moon lander, spotted by lunar orbiter, sends back pictures
Montana Supreme Court rules in favor of major copper mine