![]() Some growers in the too-crowded market were left with garbage bags full of weed they can’t sell anywhere legally, they told me. Farmers who fold are supposed to get rid of their pot by burning, burying or composting it. Or they can turn it over to state bureaucrats. He added, “Who the hell is going to burn it?” “People have a hard time destroying tens of thousands of dollars’ worth of product.” “I’d be surprised if that’s actually happening,” said Donald Morse, chairman of the Oregon Cannabis Business Council. If state data is right, Oregonians have destroyed at least 186,800 pounds of marijuana-more than the weight of a Boeing 737 airplane-in the past two years, according to the Oregon Liquor Control Commission, which oversees the industry.īut not everyone who claims to trash it really does. ![]() Instead, some farmers are returning to the bad old days, hawking weed illegally across state lines for four to 15 times the price, everywhere from Idaho to New York and Texas, law enforcement officials and cannabis industry insiders told me. “A lot of legit growers can’t turn profit,” said Michael Getlin, 35, one of the founders of Old Apple Farm, a family-run cannabis farm in the Willamette Valley. “They think, why not sell it out of state for 15 times the price?” “TOO MUCH WEED” It sounds like a fun problem to have: Oregon is drowning in bud. But the oversupply is more than a buzzkill for entrepreneurs who thought they were blazing a trail to big bucks. In 2017, the state produced 1.1 million pounds of marijuana, roughly three times more than its population of 4.1 million people could possibly smoke, eat or vape, according to state data, which was first reported by the Willamette Week newspaper. ![]() ![]() The glut of ganja sparked a buyer’s market with joint prices plunging to as low as $1, less than a can of Pabst Blue Ribbon. It may be pothead paradise-but it’s far from the “green goldrush” business owners foresaw in 2014, when recreational weed became legal in Oregon. “Oregon just has too much weed,” said Amy Margolis, founder of the Oregon Cannabis Association, a network group for hundreds of businesses. “This is a real problem-and one we should take seriously from a policy perspective.” These days, growers who once sold a pound of pot for $2,000 are unloading it to wholesalers for just $600, and barely breaking even. #AMBERLIGHT PORTLAND CANNABIS SOFTWARE#. ![]()
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