• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

2

New LA Angels owner Stan Kroenke is quietly America's largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos

3

Gen Z can't figure out how to talk to their millennial and Gen X bosses—and it's becoming a workplace crisis

1

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

2

New LA Angels owner Stan Kroenke is quietly America's largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos

3

Gen Z can't figure out how to talk to their millennial and Gen X bosses—and it's becoming a workplace crisis
RetailMarijuana

Want a 4/20 Deal on Weed? Go to Oregon, Where Pot Is Alarmingly Cheap

By
David Meyer
David Meyer
Down Arrow Button Icon
By
David Meyer
David Meyer
Down Arrow Button Icon
April 20, 2018, 7:29 AM ET
Add Fortune on Google for similar content.

Marijuana is currently selling as cheaply as half-price in Oregon at the moment, because of a glut in supply.

According to official statistics, Oregon’s pot farmers have grown three times as much of the herb as the state’s smokers can inhale—there’s now more than a million pounds out there, unsold. And it’s not like farmers and retailers can look beyond state borders to find more customers. The ongoing federal ban on marijuana forbids that.

As a result, according to a Willamette Week report, standard grams of weed are selling at $4 rather than $8, and it now costs almost the same to buy a gram of the Girl Scout Cookies strain as it does to buy two boxes of Girl Scout Cookies.

The publication reports that family-run marijuana farms are selling out to investors from outside Oregon, due to the drop in the price. That means power in the local supply chain is concentrating.

Oregon’s climate is more conducive to growing weed outdoors than that in a state like Colorado, and the agency regulating the Oregon cannabis industry has found itself issuing way more licenses than it anticipated.

According to a Guardian report, many growers have been trying to have the high-making oils extracted from their produce, in order to make use of it before it goes stale. Those oils can be used to make edibles—but again, the products need someone to buy them, and federal law means they can’t cross state borders.

“This glut’s going to take a few years. There is really no short-term answer,” farmer Trey Willison told the Guardian.

About the Author
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Retail


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Retail


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.