Associated Press (ap.org, May 31, 2018); Seth Auberon, Crystal Quintero, Wisdom Quarterly
Glut of marijuana in Oregon is cautionary tale, experts say
PORTLAND, Oregon - When
Oregon lawmakers created the state's legal marijuana program, they had
one goal in mind above all else: to convince illicit pot growers to
leave the black market.
That meant low barriers for entering the
industry that also targeted long-standing medical marijuana growers,
whose product is not taxed. As a result, pot production boomed -- with a
bitter capitalist consequence.
Now, marijuana prices here are in freefall, and the
craft cannabis farmers who put Oregon on the map decades before broad
legalization say they are in peril of losing their now-legal businesses
as the money market adjusts.
Oregon regulators on Wednesday announced they will
stop processing new applications for marijuana licenses in two weeks to
address a severe backlog and ask state lawmakers to take up the issue
next year. Experts say the dizzying [de-]evolution of Oregon's marijuana industry may well be a cautionary tale for California... More
No comments:
Post a Comment