Current:Home > MyHow one Oregon entrepreneur is trying to sell marijuana out of state, legally -MarketStream
How one Oregon entrepreneur is trying to sell marijuana out of state, legally
View
Date:2025-04-18 21:50:01
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! (31)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Schumer describes intense White House meeting with Johnson under pressure over Ukraine aid
- House GOP subpoenas Justice Department for material from special counsel's Biden probe
- A New York collector pleads guilty to smuggling rare birdwing butterflies
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Box of hockey cards found at home sells for $3.7m, may contain Wayne Gretzky rookie cards
- Toronto Blue Jays reliever Erik Swanson away from team after 4-year-old son gets hit by car
- After Fighting Back a Landfill Expansion, Houston Residents Await EPA Consideration of Stricter Methane Regulations
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- The 61 Most Popular Amazon Items E! Readers Bought This Month- $1 Lipstick, Olivia Culpo's Picks & More
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Expanding wildfires force Texas nuclear facility to pause operations
- Crystal Kung Minkoff talks 'up-and-down roller coaster' of her eating disorder
- FBI offers $15,000 reward in case of missing Wisconsin boy
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- How Hakeem Jeffries’ Black Baptist upbringing and deep-rooted faith shapes his House leadership
- Chanel Iman Marries Davon Godchaux 5 Months After Welcoming Baby No. 3
- EAGLEEYE COIN: Senator proposes raising starting point for third-party payment networks
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Oreo to debut 2 new flavors inspired by mud pie, tiramisu. When will they hit shelves?
Ben Affleck Reveals Compromise He Made With Jennifer Lopez After Reconciliation
$1B donation makes New York medical school tuition free and transforms students’ lives
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Oreo to debut 2 new flavors inspired by mud pie, tiramisu. When will they hit shelves?
Wendy Williams’ Publicist Slams “Horrific Components” of New Documentary
Avalanche kills 4 skiers in Kyrgyzstan visiting from Czech Republic and Slovakia