What Happens When A State Grows Way Too Much Weed (HBO)
What Happens When A State Grows Way Too Much Weed (HBO)
When Oregon legalized recreational marijuana, the state decided to make the market as free and accessible as possible. It didn’t cap licenses, or restrict access to people living in state. It also made entry super cheap—growing licenses in Oregon go for as little as $1,000, compared to tens of thousands of dollars just across the border in California.
The hope was to make it as easy as possible for everyone to get in on the new and exciting market. And it worked really well. Too well, in fact.
Fast forward just a few years, and Oregon now has a serious problem on its hands. The roughly 1,100 licensed producers growing weed right now are growing way too much—about twice what the state is actually consuming. And that’s creating all sorts of problems. Unless, of course, you’re a consumer. Then it’s awesome.
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Lol, oh how I love economics. Behold the simple idea of supply and demand.
Wow, Vice just figured out what supply and demand economics is. . . Pot should be cheap, its easy to grow and there are no longer the risks of imprisonment that there used to be so its called a market correction.
Good. Let all the morons who think they can make money by growing and selling weed legally fall out with the rest of them. If you are dumb enough to invest in a market that everyone knows for a fact will be over saturated, you deserve to fail and loose your investment. I had a buddy who now makes a living off marketing for dispensaries, because he was smart enough to see the demand in the marketing for the hundreds of dispensaries that would pop up in Colorado once it was legal.
People would much rather spend a lil more money on some good quality then to get cheap ugly bud in bulk
so whos got all the weed over there shit id like some cheap units lol
weed should be free its a plant thank you Oregon
Most of the reason for the problems with Oregon weed is that most are growing shit weed.
This is just what happens when you let a new market open.
"What Happens When A State Grows WaY Too Much Weed?"… 🤔YOU SMOKE IT! THE FUQ!
Is there really such thing as too much weed?
They call me to smoke it, that’s what they do.
All the best weed in Philly comes from Oregon
SOUNDS GOOD TO ME
In which VICE tells you that inexpensive weed is bad and there should be caps and licensing fees only big pharma can afford. Quality leftist journalism.
Texas received a lot of weed from Oregon.
in jamaica one gram costs 30cents because theres so much weed 😂
its like the Tulips all over again…..
LETS MAKE A TRADE UNION!! wait, that’s monopoly.
Do they not know hot to store it long term…..its called vacuum sealing and freezing.
Hey my state
Over regulation is the primary problem. No other product is bared from state to state. Except weed.
I gotta get out to Oregon
this is what happens when white people get involved. yes, i said white people. sophisticated dummies. lol I ain’t racist though. Even white people know what I mean when I say "white people". lmao
So what?? What does Vice want – impose artificial regulatory barriers to entry just to support price? A key advantage of legalization was supposed to be to reduce the price of pot so that it wouldn’t be profitable for criminals. Anything that plentiful and easy to produce should be cheap.
Ooh, a big boss tried to earn big money on weed? Yeah dumbo, what were you expecting, it’s a plant and everyone can grow it easily lol.
Ship that stuff to the east coast!
The price dropped 60 percent and Oregon did something wrong? Lol typical wannabe elitist mentality. You can’t just buy a farm and then demand the high prices. You have to earn it with free market and prove your product or service is worth that cost. Obviously all the guys in this vid weren’t able to do that.
Oregon the Walmart of weed production lmao
Ohhh nooooo. It then becomes affordable like some Merck pills? Ohhhh noooooo. Because in Oklahoma, what’s the point in getting a card if you’re paying drug dealer prices?
I will say again that cat 🐈 piss will get you high if you sniff it.
Omw to Oregon
Vice would like the price of marijuana to go up so people that use it for medicine would have a more difficult time affording it.
#SHAMEONVICENEWS
#HEARTLESSVICENEWS
Then sell it out of state. Or gift it with tax deduction to hospitals. Or manage it to where u gotta monopolize and crush ur competition. Become amazon. Start giving 3 for one deals till ur enemy collapses then raise prices 15% a month
I am so glade I don’t smoke weed. I am addicted to you tube, or should I say I am a you tube junky.
Smoke it
Basic economics: there will be a consolidation in the industry. I wonder of long established tobacco companies will take over the industry.
P L E A S E CALL IT CANNABIS, PLEASE.
O.K. so tell me what type of what you call "Luxury Weed" that you’re now growing (look a the tail end of the video if confused) and will range in the $1,500 /lb. range is? How much better than the best shit I can already get at my local medical dispensary with THC content reaching 30% on some strains and I’m talking flower, not dabbing shit. Next time I’m online I want to hear the exact luxury name strains that you are growing that sets you apart from the low brows…as well as I wonder if I’m already smoking (actually vaping) the stuff you’re now growing. Everybody seems to have top shelf in their dispensaries as it is…can’t get over what the hell strains this guy has come up with to outsell his competition????
I think they’re confusing the black market prices with retail…
Here’s how hard it is to get it out of state: put it in your vehicle and drive across.
No such fucking thing!!! Never can be too much buds man jus never 🤣💨🤣
What happens……it causes problems. Great article. Why not ship it to Ontario we dont have any.
send the excess my way wont be wasting any then lmao
This is how it should be everywhere in the US. Make it as cheap and easy as possible for anyone to get into the industry. Yeah, a bunch of people are going to not make it, but that is business. How many restaurants have you seen open up, then close a year later? The weed industry shouldn’t be a protected class.
0:58
lmao it’s almost at $420
They send it to me! It should be universal freedom for access…we are retiring to a pot-legal state and enjoying the fruits of others labor…so sad to c this man loose everything…
No, you smuggle your supplies across the boarder to your buddy states. You can sell it at three times the price.
So if you can go to Oregon and buy a pound of good weed what keeps people from buying it there and driving to Virginia and reselling it for 3x that amount…it’s like having Mexico in your backyard…
so much weed everywhere, so why are some bay area clubs selling $74 1/8ths of flower & $90 grams of bubble hash ?
best bet now is probably quality over quantity if small businesses want to sustain. get some good terpene profiles -> make some (good) destillate vape-pens/ grow some organic no-till flower if you’re experienced and recreate the industry. Now weed is not just about getting high, but about every part of the plant you can imagine, find that niche and master it. No-till/terpenes/super high thc values/cbd flower/extraction-methods/topicals you name it. the paradigm has changed quite a bit and that’s just a industry which has not fully developed its branches yet.