Oregon legalized marijuana in 2015, but there’s a slight issue: The state has too much cannabis. Because of that dilemma, lawmakers have signed two bills to help manage the nearly seven-year surplus, according to a report by Fox News.

The following is a re-post of an article written by Andrew O’Reilly of Fox News

For more cannabis/marijuana-related business, political, legal and medical news, click here

After legalizing marijuana in 2015, officials in Oregon began liberally doling out licenses to growers in an effort to shift sales away from the black market toward the now-legalized industry.

The plan worked, but created another problem: Oregon now has way more pot than its 4 million residents can ever possibly hope to smoke.

According to a 2019 Oregon Liquor Control Commission report, there are about 2,100 grower licensees in the state with enough weed currently on the market that it would take an estimated 6.5 years to sell it all within Oregon without any more production. The glut of marijuana has driven the price of marijuana down and left Oregonians wondering how they’ll handle the weed windfall.

In an attempt to remedy the state’s cannabis conundrum, lawmakers in Oregon signed off on two news bills in the last week that would, respectively, cut down on excessive cultivation of marijuana and find new markets for the state’s budding pot industry.

RELATED: CANNABIS INDUSTRIAL MARKETPLACE NEWS

Senate Bill 218 hands the Oregon Liquor Control Board more authority in issuing new licenses to growers based on the supply and demand for weed, while Senate Bill 582 lays the groundwork to eventually allow the governor to enter into agreements with other states for the importing and exporting of marijuana.

It is currently illegal to transport marijuana across state borders so any moves from the governor’s mansion in Salem would have to wait until lawmakers in Washington D.C. decide to make drastic changes to the nation’s drug laws – a situation that seems unlikely given the Trump administration’s less-than-friendly stance toward legal marijuana.

Currently recreational marijuana is legal in 11 states and medical marijuana is legal in 33, and marijuana advocates argue that states like Oregon wouldn’t be running into this surplus issue if the substance were permitted to be shipped out of state.

“You have people using water in the desert in Nevada to grow mediocre cannabis, or in Florida, where they have to dehumidify giant spaces, consuming twice the energy,” Adam J. Smith, founder and director of the Craft Cannabis Alliance based in Oregon, told the Los Angeles Times. “Oregon wouldn’t have an oversupply problem if we could access legal markets like these.”

Follow Cannabis Industry Marketplace on TwitterFacebook and Instagram

This article was first published on https://www.cannabisimp.com.

Write a comment:
*

Your email address will not be published.