Oregon and Colorado Took Different Approaches to Regulating Marijuana Supply. Both Saw Prices Plunge.

Oregon And Colorado Took Different Approaches To Regulating Marijuana Supply. Both Saw Prices Plunge.

Share Tweet Share PinBy, Gillian Flaccus and Kathleen Foody PORTLAND, Ore. (AP) — Two of the first states to broadly legalize cannabis took different approaches to regulation that left Oregon with a vast oversupply and Colorado with a well-balanced market. But in both states, prices for marijuana have plummeted. Marijuana plants are about to be harvested from a grow near Corvallis, Oregon, on Sept. 30, 2016. A new report by the Oregon-Idaho High Intensity Drug Trafficking Area finds that Oregon is producing 2 million pounds of cannabis, about five times more than the demand in the state of about 4 million people. Nearly 70 percent of Oregon-grown marijuana goes unsold. (Associated Press File Photo/Andrew Selsky) A new Oregon report by law enforcement found nearly 70 percent of the legal recreational marijuana grown goes unsold, while an unrelated state-commissioned Colorado study found most growers there are planting less than half of their legal allotment — and still meeting...

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