RECREATIONAL MARIJUANA CONTINUES TO BE IN SHORT SUPPLY
AS RETAILERS ACROSS THE STATE SELL OUT OF PRODUCT.
GROWERS SAY THEY WOULD HAVE HAD TO STOCKPILE A LOT
OF POT TO MEET DEMAND ON OPENING DAY.
As a producer I couldn't have paid for six months
rent without somewhat of an income
THERE ARE MORE THAN 22 HUNDRED PRODUCER/PROCESSOR
APPLICATIONS WAITING TO BE APPROVED BY THE LIQUOR
HOW FAST THOSE PRODUCERS START GROWING WILL DETERMINE
HOW SOON SUPPLY WILL MEET DEMAND.
BUT THAT PROCESS TAKES TIME AND DOESN'T COME CHEAP.
KXLY4'S JOHN HENDRICKS WORKING FOR YOU TONIGHT ON
THE REGULATIONS PRODUCERS HAVE TO GO THROUGH.
JOHN WHAT DID YOU FIND OUT TODAY.
PROCESSORS TODAY ME TODAY THE STATE IS WATCHING THEM
EACH PLANT TRACKED FROM SEED TILL THE TIME THE MARIJAUNA
IS PROCESSED AND SOLD TO CUSTOMERS.
IN WAREHOUSES ALL ACROSS THE STATE.
MORE AND MORE MARIJUANA PLANTS ARE POPPING UP.
Everything is marked from origin until it's final
sale to a retail customer.
THE STATE ISSUING MORE AND MORE LICENSES TO GROW POT.
BUT BECAUSE THAT PROCESS IS TAKING SO LONG.
THERE'S A SHORTAGE OF PRODUCT.
IN THE END THE STATE WILL ISSUE ENOUGH LICENSES TO
KEEP UP WITH DEMAND.
BUT THAT WILL TAKE TIME.
They're building a system to be very effective, it's
going to be very easy to control, monitor for the
R-J PORTMANN IS WORKING TO GET PLANTS IN THE HANDS
OF THOSE WHO ARE JUST STARTING OUT.
BUT HE ONLY HAS 15 DAYS AFTER THE LICENSE IS ISSUED
TO MAKE A SALE.
During that 15 day window we are also able to provide
that to 502 producer processors, once that 15 days
is up we can't do that anymore.
THEY SELL PLANTS IN TWO DIFFERENT STAGES.
FROM SMALL ONES TO THE MUCH LARGER ONES.
It only takes about 4 to 6 weeks of nutrients and
light to get this plant to turn into this plant.
ONCE A PRODUCER HAS PASSED THAT 15 DAY PERIOD.
THEIR GARDENING SKILLS COME INTO PLAY.
Outside of that 15 day period you need to source your
own plants within your own operations or another producer
PORTMANN SAYS IT COULD BE NEXT YEAR BEFORE SUPPLY
STARTS TO CATCH UP WITH DEMAND.
BUT ADDS THE DEMAND WILL BE GREATER THAN THE SUPPLY
FOR A WHILE.
EACH PLANT PRODUCES ABOUT A POUND TO A POUND AND A
HALF OF MARIJUANA WORTH ANYWHERE FROM 6 TO 10-THOUSAND
HOW MUCH DO THESE PLANTS COST TO GET STARTED...?
IF A PRODUCER BUYS THEM WHEN THEY ARE SMALL THEY ARE
ABOUT SEVEN DOLLARS.
BUT IF THEY BUY THEM RIGHT BEFORE THEY FLOWER.
ABOUT 100-DOLLARS A PLANT...