Oregon is starting off the new year with quite the stash of cannabis. The Beaver State is chilling on at least 1.3 million pounds of unsold pot — or approximately 1.1 billion joints.
Oregon is starting off the new year with quite the stash of cannabis. According to reports from Willamette Week and elsewhere, the Beaver State is chilling on at least 1.3 million pounds of unsold pot — or approximately 1.1 billion half-gram joints.
This should come as no surprise. The state’s cannabis industry has been expanding since recreational legalization went into effect in 2014, and the expansion has led to massive overproduction, especially since Oregonians are consuming less than 375,000 pounds per year. (Some estimates have even stated that Oregon only consumed 166,000 pounds last year).
But, to the bane of government officials, cultivators have been selling off their product on the black market, with analysts estimating that around a third of the state’s legally-grown weed is being sold illegally.
Last February, Oregon’s U.S. District Attorney Billy Williams said that if the industry was unable to nix the oversupply issue, the feds were going to step in and start making crackdowns.A few months later, state regulators passed new rules to increase the oversight of growers, cultivators, and processors throughout the state.
But, as the new data from Oregon depicts, the updated regulations haven’t fixed the issue of the excess weed. Again, there are 1.3 million pounds (!) just sitting there…Now, a group of lawmakers and cannabis industry insiders are looking to address the supply issue with a potentially groundbreaking move. They’ve proposed a new bill that would allow extra marijuana to be exported to other states with legalization programs, such as neighboring Washington and California.
If passed, this would be the first domestic export bill of its kind, and a milestone that bucks the feds, seeing how federal regulations prevent intra-state cannabis sales.
There are plenty of markets that would be thrilled to have world-class cannabis, said Adam Smith, founder of Oregon’s Craft Cannabis Alliance.
And, according to Beau Whitney of cannabis consulting firm New Frontier Data, legalizing exports “would either slow or stop the price declines, because there wouldn’t be any more excess.”
Until the export bill passes, or another solution is proposed, Oregon’s cannabis retail scene will continue to face price drops and the threat of a federal crackdown. In the meantime, we’ll be daydreaming about what 1.3 million pounds looks like in one tall stack.
Now that you can grow Cannabis, the people are going to get greedy. It’s nice that you don’t have to keep a record of the pounds you have. And where it goes. Not have to pay taxes on it. I bet the grows can’t explain how they paid for all the toys they have.
Ill gotten booty inflates RE prices?
Please pick me I would love to work for y’all !!! I’m 45 and it helps me threw my pains
Perhaps, since we don’t need so much weed, the growers can focus on growing quality, instead of that crap in the stores that doesn’t even smell like weed…Quality over quantity!
make Rosen & Cooking oil & butter
Make RSO / FECO and give it to cancer patients as a government study. https://patents.google.com/patent/US8632825B2/en
Great idea, CBS’S also for children and the aged.
The drug laws were never entered into the Congressional Record as is required (back in the 70s) and therefore have been null and void. I was incarcerated in the Feds for “manufacturing marijuana” and ran into someone who had tried to get a Federal judge to recognize his case. None will hear it. (Think of all the illegal incarceration suits) However, due to the Feds premise for prohibition as being a Commerce Clause issue (intrastate Commerce), the black market sales between the states would give the Feds jurisdiction. I can see massive seizures from black market sales. Watch out for the IRS for not reporting (semi) legal sales. (co-mingling assets).