1 million pounds of pot? Snoop calls that a 3 day weekend.
Posted on 04/20/2018 1:27:43 PM PDT by Responsibility2nd
Trey Willison, a cannabis farmer in Eugene, first started worrying last May about there being too much marijuana in Oregon. He had sold all his “clone” plants to other growers, who were using them to cultivate yet more marijuana.
“You start doing the math on that and it just didn’t make sense how people could be growing that many plants,” Willison said.
Fast-forward nearly a year and Oregon does indeed have a glut of marijuana; there are over 1m lb of usable but unsold marijuana, according to the state tracking system.
That’s more than 128m “eighths” of weed, and almost three times the amount of cannabis sold in Oregon in all of last year.
Flooded with supply, prices are dropping so much that some dispensaries in the Portland area are selling the drug for $4 a gram. That’s less than half the cost of a bargain-basement batch in other US cities where marijuana is legal, like Denver and Seattle.
When the Oregon Liquor Control Commission (OLCC), the agency in charge of cannabis regulation, issued the first licenses to businesses in 2016, projections were for 800 to 1,200 businesses to obtain cannabis licenses in the first couple of years, according to Mark Pettinger, a spokesman for the OLCC.
But 1,824 marijuana-related business licenses have already been issued, including 981 production operations. Another 967 production licenses are in various stages of approval by the state and could come online later this year.
Molly Conroy, the program director for the Oregon Cannabis Association, cautioned that this is a brand new market that needs time to adjust.
“Every agricultural crop has its highs and its lows,” she said. “No pun intended.”
(Excerpt) Read more at theguardian.com ...
yep...because all their problems were solved by being drugged...
Like any market, the price will approach the cost of production and probably overshoot.
Send it to Red China.
The men over there need to grow boobs.
And like any government, the answer will be to tax it.
Why let capitalism and the free market decide costs and production when tax control is always the answer.
Send it to Venezuela.
Unfortunately there are no munchies to consume after partaking. But maybe being stoned to the bone might take their minds off that fact.
Pot will always get smoked I don’t buy the idea any pot will ever be thrown away.
Isn’t marijuana somewhat perishable?
Not sure how Oregon determined the amount of weed that was needed but in Washington they capped the number of production licenses to 2 million square feet of canopy. This was broken into 3 separate production sizes: 5,000sf or less for smaller indoor grow operations, up to the largest capped at 30,000sf.
1 million pounds of pot? Snoop calls that a 3 day weekend.
Is there a “shelf life” on this stuff?
Great. I’m going to Portland next week to teach some classes. Probably to a bunch of stoned out builders. Wonderful.
I was in Spokane in February. The hotel plumber was probably stoned. Both the hot and cold spigots ran hot water. Even the toilet ran hot water. That was a unique experience sitting on a steam bath.
Supply, meet demand. Demand, supply.
You two play nice together, now...
It is susceptible to drying out, and on the other end of the humidity spectrum, mold growth.
It also as biodegradable as any other plant material.
What is the significance of “420” to pot?
They can always eat the Commies in power.
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