WEED FEED / John Ross Ferrara / Monday, April 23, 2018 @ 9:34 a.m.
Weed Feed: A Gram of Bud Costs Less Than $5 in Oregon Thanks to Overproduction
Rampant marijuana overproduction has plunged Oregon’s weed prices to new lows.
The Willamette Week reports that a gram of weed now costs as little as $4 at some Oregon pot shops.
Due to the ongoing issue of federal marijuana prohibition, businesses can’t legally ship their pot out of state. So when a state like Oregon reportedly grows three times more weed than it consumes, prices can only go down.
“The business has been up and down and up and down,” a former Oregon pot shop owner who had to shut his doors four months ago told the Willamette Week . “But in a lot of ways it has just been down and down for dispensaries.”
Hezekiah Allen, the executive director of the California Growers’ Association has estimated that California grows eight times more marijuana than it consumes. So unless growers are shipping excess weed out of state — which they almost certainly are — then California’s pot industry may soon bottom out like Oregon’s.
But there’s hope, as the federal government may be taking steps toward rescinding its ban on marijuana. Last week, President Trump promised to support congressional efforts to protect states’ rights to legalize marijuana. And on Friday, CNN reported that Senate Minority Leader Chuck Schumer plans to propose legislation decriminalizing marijuana at the federal level.
###
The Weed Feed is a weekly column written by John Ross Ferrara.
The Weed Feed is a one-stop shop for the best local and national cannabis news.
Each week, original content will be posted to the page, as well as various other stories from around the country.
These aggregated stories are organized into six separate sections. The News (basic news), The Biz (financial news), The Life (features), The Game (sports), The Fame (celebrity), and the Grub (food).
The News
The Biz
The Life
The Game
The Fame
The Grub
The Humboldt Chronicles
- A Congressperson Dropped By
- A Chat With Jesse Duncan
- September NEWS ROUNDUP!
- Trad Ag Vs Canna Ag
- A Fabulous News Roundup
- All About Budtending
- A Conversation With Papa & Barkley
- Revisiting A Market Disruption
From the Outpost
- Bro, Harsh! Recent Studies Suggest Weed Strains Are Meaningless, CBD Doesn’t Ease Anxiety and Other Cannabis Wellness Claims are, Like, Totally Bogus
- Environmental Groups Say County Has Abandoned Its Duty to Fully Assess the Weed Industry’s Impacts
- FINALLY! Shoot Up Your Friends in the New ‘Humboldt Growhouse’ DLC Map From ‘Call of Duty’
- Papa & Barkley to Merge With LA-Based Cannabis Distribution Company Amid Industry Challenges
- Eureka City Council Approves Letter of Opposition to Measure A, the Humboldt Cannabis Reform Initiative
- Judge Denies Effort to Keep Measure A, the ‘Humboldt Cannabis Reform Initiative,’ Off the March Ballot
- Humboldt Supervisors Scrap Proposed Cannabis Initiative Following ‘Rushed’ Process
- Proponents and Opponents of Measure A, the Humboldt Cannabis Reform Initiative, Square Off at a Public Forum in Arcata
The Feed
- Leafly: German legalization gets underway with first 4/20
- The Emerald Magazine : House of Puff: How One Women-led, Latina-Owned Brand Creates Impact with Elegance
- High Times News: Study: CBD for Crack Use Disorder Comparable to Traditional Treatments, Less Side Effects
- High Times News: Gen Z Consumes Less Alcohol, Prefers More Cannabis and Non-Alcoholic Beverages
- High Times News: Colorado Senate Approves Legislation Banning Social Media Praise of Drugs
- High Times News: Ohio Company Signs Deal To Grow Hemp for Bioplastic
- Cannabis Law Report: Juicy Fields Update: “Juicy Fields Arrests Just The Beginning” Says Lawyer’s Website – Facilitators Also In The Mix
- Cannabis Law Report: Missouri attorney general launches investigation of intoxicating hemp products
- High Times News: North Dakota Committee Files Ballot Measure To Legalize Adult-Use Cannabis
- High Times News: California County Mulls Reduction To Cannabis Cultivation Tax
(WHAT?)
CHOOSE YOUR COMMENT EXPERIENCE