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The Water Cooler
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Thinking About Growing Commercial Marijuana...
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<blockquote data-quote="RugersGR8" data-source="post: 3239235" data-attributes="member: 56"><p>Marijuana growers can’t seek federal bankruptcy protection<em>(many owners have taken out personal loans to finance their businesses/pot is still illegal under federal law/banks avoid the industry)</em>.</p><p></p><p></p><p><a href="https://www.apnews.com/eaea113eee94421789b24fcf047f6bae" target="_blank">https://www.apnews.com/eaea113eee94421789b24fcf047f6bae</a></p><p><strong><span style="font-size: 18px">Oregon, awash in marijuana, takes steps to curb production</span></strong></p><p>By ANDREW SELSKY</p><p></p><p><em><strong>..."“The harsh reality is we have too much product on the market,” said Democratic Gov. Kate Brown, who intends to sign the bill.</strong></em></p><p></p><p><em><strong>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."...</strong></em></p><p><em><strong></strong></em></p><p><em><strong><strong><em>…"</em></strong>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.<strong><em>"...</em></strong></strong></em></p></blockquote><p></p>
[QUOTE="RugersGR8, post: 3239235, member: 56"] Marijuana growers can’t seek federal bankruptcy protection[I](many owners have taken out personal loans to finance their businesses/pot is still illegal under federal law/banks avoid the industry)[/I]. [URL]https://www.apnews.com/eaea113eee94421789b24fcf047f6bae[/URL] [B][SIZE=5]Oregon, awash in marijuana, takes steps to curb production[/SIZE][/B] By ANDREW SELSKY [I][B]..."“The harsh reality is we have too much product on the market,” said Democratic Gov. Kate Brown, who intends to sign the bill.[/B][/I] [I][B]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."... [B][I]…"[/I][/B]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.[B][I]"...[/I][/B][/B][/I] [/QUOTE]
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