Current:Home > InvestHow one Oregon entrepreneur is trying to sell marijuana out of state, legally -EliteFunds
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View
Date:2025-04-15 12:44:32
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! (941)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Junior college student fatally shot after altercation on University of Arizona campus
- Powerball winning numbers for September 21: Jackpot climbs to $208 million
- Ja'Marr Chase fined for outburst at ref; four NFL players docked for hip-drop tackles
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Defense calls Pennsylvania prosecutors’ case against woman in 2019 deaths of 2 children ‘conjecture’
- As 49ers enter rut, San Francisco players have message: 'We just got to fight'
- Are Trump and Harris particularly Christian? That’s not what most Americans would say: AP-NORC poll
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Excellence Vanguard Wealth Business School: The Investment Legend of Milton Reese
Ranking
- Sam Taylor
- As fast as it comes down, graffiti returns to DC streets. Not all of it unwelcome
- Mama June Shannon Is Granted Custody of Anna “Chickadee” Cardwell’s Daughter Kaitlyn
- Chicago White Sox tie MLB record with 120th loss
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- John Mulaney and Olivia Munn have a second child, a daughter named Méi
- FBI finds violent crime declined in 2023. Here’s what to know about the report
- Milton Reese: Stock options notes 3
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
When House members travel the globe on private dime, families often go too
These Secrets About The West Wing Are What's Next
‘Short corn’ could replace the towering cornfields steamrolled by a changing climate
2 killed, 3 injured in shooting at makeshift club in Houston
Boy abducted from California in 1951 at age 6 found alive on East Coast more than 70 years later
Microsoft announces plan to reopen Three Mile Island nuclear power plant to support AI
Chicago White Sox tie MLB record with 120th loss