Oversupply of cannabis in Oregon is driving prices down. The state's limited access problem is putting the local marijuana industry in jeopardy.
This oversupply of cannabis is driving down prices. But because the marijuana cannot be transported over state lines, it has nowhere else to go, possibly jeopardizing the local industry.
"What we have is a market access problem and it's a political problem," said Founder and Director of Craft Cannabis Alliance, Adam Smith. "It is not efficient to build facilities in states where there's no reason to grow cannabis. You can grow citrus in New York if you want. It's just a bad business decision," Smith said.While you can't move product over state lines, you can move your brand. Grown Rogue has 22 licenses in three different states and it hopes to acquire more. The company has found success with that strategy on a small scale, but not every brand can or wants to follow suit.
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