Plan to limit Oregon pot supply passes Senate

[Eugene]

Source: Associated Press

Plan to limit Oregon pot supply passes Senate

Updated Apr 29, 3:38 PM; Posted Apr 29, 2:15 PM

By The Associated Press

SALEM — The Oregon Senate moved forward with a plan to limit the state’s supply of recreational, legal marijuana.

Lawmakers voted 18-10 Monday to freeze marijuana productions at current levels for the next two years. The state will not issue new production licenses to marijuana growers, but current growers will be able to renew their licenses.

Democrat Sen. Michael Dembrow from Portland said the state produces so much marijuana that Oregon has enough of the drug to last it for the next 6.5 years. That surplus has caused prices to plummet.

Lawmakers shot down another version of this bill earlier this month. Republicans said at the time that the marijuana industry should be regulated by the free market, not the state.

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Read more: https://www.oregonlive.com/news/2019/04/plan-to-limit-oregon-pot-supply-passes-senate.html

[msongs]

1. its ok, the cartels will undercut this attempt to kill legal MJ by oregon nt

[CentralMass]

2. Apparently there is a 6.5 year over supply

The Rolling stone article is almost a year old.
https://www.rollingstone.com/culture/culture-features/oregons-weed-glut-what-happens-to-excess-pot-697985/

Oregon now has 1,012 licensed growers, with another 956 in the process of obtaining licenses. All those growers in a state with just four million residents has resulted in a mountain of marijuana. Nearly one million pounds of usable flower remains unsold – about three times what consumers purchased in all of 2017. Prices of the recreational drug have plummeted, with dispensaries selling pre-rolled joints for $1, less than the price of a cigarette.

That leaves growers to face tough decisions. Some are getting out of the business altogether. Others are struggling to stay afloat. If the product can’t be sold before it goes bad, the legal method of disposal is to burn or compost it. For growers with no other options, that means churning all their hard work and money back into the soil or igniting it into an expensive, fragrant bonfire. Officials say desperate growers are increasingly turning to the black market"