Oregon keeps capitalism alive

PORTLAND, OR, USA, April 12, 2019 /EINPresswire.com/ -- Oregon Senate in a landmark decision voted no to a measure that would have allowed the state to limit the number of marijuana production licenses it issues based on supply and demand for the product. Many struggling operators were asking for limitations while some operators praised the decision as a win for the state. We asked Jetblack CEO what he thought of the decision.

Dan Goldin - Limiting the licenses based on surplus is not the best way to go. Just because there is a surplus does not mean the product is of good quality. No one wants bad quality product, if the flower doesn’t have all the right attributes for smoking or vaping, it may not be sellable or desirable. This surplus means there is a lot of bad marijuana no one wants to buy. If it was good quality for the right price, it would be sold. This is the market naturally working itself out. Prices have been stuck in the illegal price range for way too long. Companies have been asking medical patients to pay black market prices, sometimes prices that they couldn’t afford. We couldn’t agree more with Senate Minority Leader Herman Baertschiger Jr. when he said the state should instead let the free market dictate prices. He said the plan amounted to “socialism” and was “a stab at capitalism in pure form.”

The measure was moved back to the Rules Committee for further review.




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