Marijuana growers can’t seek federal bankruptcy protection(many owners have taken out personal loans to finance their businesses/pot is still illegal under federal law/banks avoid the industry).
https://www.apnews.com/eaea113eee94421789b24fcf047f6bae
Oregon, awash in marijuana, takes steps to curb production
By ANDREW SELSKY
..."“The harsh reality is we have too much product on the market,” said Democratic Gov. Kate Brown, who intends to sign the bill.
Supply is running twice as high as demand, meaning that the surplus from last year’s harvest alone could amount to roughly 2.3 million pounds of marijuana, by the liquor commission’s figures. That’s the equivalent of over 1 billion joints."...
…"Retail prices in Oregon for legal pot have plummeted from more than $10 per gram in October 2016 to less than $5 last December. At the same time, smaller marijuana businesses are feeling competition from bigger, richer players, some from out of state."...
https://www.apnews.com/eaea113eee94421789b24fcf047f6bae
Oregon, awash in marijuana, takes steps to curb production
By ANDREW SELSKY
..."“The harsh reality is we have too much product on the market,” said Democratic Gov. Kate Brown, who intends to sign the bill.
Supply is running twice as high as demand, meaning that the surplus from last year’s harvest alone could amount to roughly 2.3 million pounds of marijuana, by the liquor commission’s figures. That’s the equivalent of over 1 billion joints."...
…"Retail prices in Oregon for legal pot have plummeted from more than $10 per gram in October 2016 to less than $5 last December. At the same time, smaller marijuana businesses are feeling competition from bigger, richer players, some from out of state."...
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Capitalism at it's finest. I see no problem. Some win, some don't.
And big fish eat small fish.
And big fish eat small fish.
That is too funny. The pot heads aren't helping do their part and keeping these guys profitable. Pot head gets better weed than ever smokes till he gets higher than Snoop Dogg on Tuesday. Now he is to lazy to go buy more weed and just takes a nap. Misses his shift at Burger King. Now doesn't even have money to buy said amazing weed. Oh man the unintentional consequences. This could also be major pitfall to 7-11s delivery. LMFAO!
Back in the 70s, there was hemp growing wild all over. We called it ditchweed. That stuff would grow 7 feet tall, in big patches.
The more you smoked, the bigger the headache you got.
I personally think it was leftovers from the industrial hemp production during WWII, possibly crossed with some seeds from better quality mind-bending stuff. Perhaps seeds from someone cleaning their stash, and tossed out the window of a passing car.
The more you smoked, the bigger the headache you got.
I personally think it was leftovers from the industrial hemp production during WWII, possibly crossed with some seeds from better quality mind-bending stuff. Perhaps seeds from someone cleaning their stash, and tossed out the window of a passing car.
https://www.narconon.org/drug-information/marijuana-history.html
Hemp has been used for many things for a long long time. Marijuana will be used by people long after we’re all dead and forgotten.
Hemp has been used for many things for a long long time. Marijuana will be used by people long after we’re all dead and forgotten.
This shows you know absolutely nothing about the culture in general.
With the high quality available, you don’t need much to last awhile. The people that are going through a bunch of weed are pressing their own oils. It’s used to bake with and make your own butter,cookies,etc.
The average user doesn’t need a large amount.
So Oklahoma has twice the amount of growers than Oregon?
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