Current:Home > MarketsHow one Oregon entrepreneur is trying to sell marijuana out of state, legally -Trailblazer Wealth Guides
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View
Date:2025-04-15 15:20:47
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! (45944)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Chicago appeals court rejects R. Kelly ‘s challenge of 20-year sentence
- The EPA says lead in Flint's water is at acceptable levels. Residents still have concerns about its safety.
- When Is Wayfair Way Day 2024? Everything You Need to Know to Score the Best Deals
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- NFL draft picks 2024: Tracker, analysis for every selection in first round
- Pope Francis says of Ukraine, Gaza: A negotiated peace is better than a war without end
- You’ll Be Crazy in Love With the Gifts Beyoncé Sent to 2-Year-Old After Viral TikTok
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- EQT Says Fracked Gas Is a Climate Solution, but Scientists Call That Deceptive Greenwashing
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Deion Sanders tees up his second spring football game at Colorado: What to know
- Jury in Abu Ghraib trial says it is deadlocked; judge orders deliberations to resume
- Paramedic sentencing in Elijah McClain’s death caps trials that led to 3 convictions
- What do we know about the mysterious drones reported flying over New Jersey?
- NFL will allow players to wear Guardian Caps during games starting in 2024 season
- PEN America cancels World Voices Festival amid criticism of its response to Israel-Hamas war
- Ariel Henry resigns as prime minister of Haiti, paving the way for a new government to take power
Recommendation
B.A. Parker is learning the banjo
Owner of exploding Michigan building arrested at airport while trying to leave US, authorities say
Freight train derailment, fire forces Interstate 40 closure near Arizona-New Mexico line
Skelly's back: Home Depot holds Halfway to Halloween sale 6 months before spooky day
Could your smelly farts help science?
Kirk Cousins reportedly stunned by Falcons pick after signing massive offseason contract
Wade Rousse named new president of Louisiana’s McNeese State University
76ers All-Star center Joel Embiid says he has Bell’s palsy