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The black market had many disadvantages, but it better balanced supply and demand at the national level than the regulated market up to now.
April
9,2019
5 min reading
Opinions expressed by Green Contractor the contributors are theirs.
The cannabis industry in Oregon is in a major "Green Glut" category. Supply is below demand, with more than one million pounds of unsold cannabis flowers (the equivalent of one billion seals) in the state's inventory tracking system.
The cannabis market in Oregon collapsed in November 2017 following the first major outdoor harvest in Oregon's recreational paradigm. Due to the low barrier to entry for obtaining a permit, many companies have entered the legal market as crop floods have produced more cannabis than the total population of Oregon could not consume it. Prices have fallen dramatically to unsustainable levels.
Instead of going to bed, however, many producers have decided to wait for the fall of the market in the hope of stabilization. Unfortunately, nearly a year after the crash, the market has still not regained its balance.
Adam Smith, founder of Craft Cannabis Alliance, believes that the lack of stabilization of the market is largely due to the history of Oregon in the field of black market exports. [Oregon] We are a world-clbad producing state and we are a natural exporting state. Northern California and Oregon have been exporting cannabis for generations and have been meeting most of the country's domestic needs for years. "
Related: Sluggish bureaucracy is blamed for the disappointing tax revenue from marijuana in Mbadachusetts
Smith and his alliance see only one way to truly address the problem of oversupply: opening up state borders and allowing legal transfer to other markets with cannabis programs. This would allow Oregon cannabis, nicely grown, to settle in states that were not traditionally suited to cannabis production.
To achieve a legislative solution, Smith and his team created the One Fix campaign. One Fix would allow the governor of Oregon to approve licensed cannabis transfers from one state to another, which is the first step in a multi-faceted effort to allow cross-border cannabis sales. Smith thinks it's the only way to save Oregon's unique industry.
Related: Leverage Data to Maximize the Cannabis Consumer Experience
A statement posted on the One Fix website states that "state-to-state exports would immediately put an end to Oregon's overproduction problem and stabilize prices. This would save hundreds of local businesses and family farms that are currently at risk of collapsing, preserving hundreds of millions of dollars of local capital and thousands of jobs. "
Although interstate transfer is very important to the success of Oregon's craft industry, it will inevitably take some time for it to materialize. During this period of waiting, the sector has the opportunity to improve its archaic supply chain to allow companies to streamline their own internal operations and increase their chances of staying in business. until they can export.
I attended a roundtable discussion on our serious oversupply problem at the Collaborative Cannabis Conference held here in Portland a few weeks ago. The common concern of the producers was their inability to communicate with those responsible for the admission of dispensaries. Producers send emails, Instagram DMs and submit samples, but they struggle to engage with buyers through these media. Buyers receive daily floods of texts, DM and emails, messages are lost or forgotten in the chaos of their day's work. This is not the way business succeeds in other industries and these platforms are certainly not designed for the cannabis trade.
Confident Cannabis is a software company that tackles these supply chain issues by streamlining the link between all cannabis producers and buyers, including consumers. They have built a wholesale platform for the sector, as well as a revolutionary tool called Connect, which allows users to choose cannabis strains based on cannabinoid and terpenes profiles rather than on the quaint Indica dichotomy. / Sativa.
Related: New survey reveals highest support ever for weed legalization
Connect is designed to allow industry buyers and consumers to buy smarter by offering users a data visualization that allows them to examine the similarities and differences between cannabis strains in Canada. depending on their chemical composition. Since the chemical composition of cannabis (or chemotype) ultimately influences the overall consumer experience, shopping for these attributes is the best way to ensure consistency and reliability.
With Connect, buyers in the sector can research the type of cannabis they are looking for. Because it fits into the wholesale platform of Confident Cannabis, clinic managers can click on a variety of cannabis, find where to buy it, and easily place an order with a producer.
The wholesale platform includes features that allow buyers to search for specific attributes (percentages of cannabinoids and terpenes, culture methods, material quality, etc.), and track all required documents, thereby increasing Efficiency and transparency of a compliant transaction.
Their streamlined approach uses science to facilitate more efficient connections and smarter purchasing decisions throughout the supply chain. Confident Cannabis brings transparency to the buying process with its wholesale platform (you can access lab results – a typical blockage in cannabis transactions – in one click) – and helps improve the strategy of Purchase of dispensaries. It's an integration model that helps struggling producers sell their products in a frustrating market.
When I work with companies in the thriving cannabis markets in Oregon and across the country, I see many operational challenges as we move toward a federal cannabis reform plan. One of the challenges is the lack of a scalable wholesale model. When interstate transfer really begins, there is virtually no infrastructure in place that can accommodate the distribution needs of the cannabis market. That's what makes Confident Cannabis's approach so exciting.
In the end, the cannabis industry in Oregon needs the ability to export, but in the meantime, it needs smarter supply chain management first. And as a global cannabis community, we need to continue to break new ground through new issues, whether they are focused on education, supply chain management, or other issues. legislative blockages. Intelligent solutions from talented individuals and businesses make this sector all the more interesting.
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