After three years of legal weed, Oregon has grown 1.1 million pounds, approximately three times what residents buy in a year. From The Guardian:
The result? Prices are dropping to unprecedented lows in auction houses and on dispensary counters across the state.
Wholesale sun-grown weed fell from $1,500 a pound last summer to as low as $700 by mid-October. On store shelves, that means the price of sun-grown flower has been sliced in half to those four-buck grams.
For Oregon customers, this is a bonanza. A gram of the beloved Girl Scout Cookies strain now sells for little more than two boxes of actual Girl Scout cookies.
But it has left growers and sellers with a high-cost product that’s a financial loser. And a new feeling has descended on the once-confident Oregon cannabis industry: panic.
“The business has been up and down and up and down,” says Don Morse, who closed his Human Collective II dispensary in south-west Portland four months ago. “But in a lot of ways it has just been down and down for dispensaries.”
"How do you move mountains of unwanted weed?" (The Guardian via Next Draft)
A High School student purportedly offered pot brownies to football players in trade for homecoming queen votes. The student both failed in her bid for office and faces criminal charges. I’d have eaten the brownies and stayed home. Via WaPo: Police told TV station WWMT that the 17-year-old at Hartford High School wanted the crown […]
The Mormon Church (AKA The Church of Jesus Christ of Latter-Day Saints or LDS) is joining lawmakers and the governor of the state of Utah to support a deal to legalize medical marijuana, even if a legalization initiative that’s on this November’s ballot ends up failing. This is the first time to my knowledge the […]
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