You can try a step down converter like this.
Or you could use a adjustable motor controller like this.
https://www.amazon.com/gp/aw/d/B00HTZD9YI/ref=psdcmw_306530011_t1_B01M1HSYO7
I'm sure others here have some more ideas to slow the motor down. I am against the idea of cutting the weights due to it's a balanced assembly. You would have to weigh each weight on a postal scale to get it right or run the risk of burning up the motor bearings prematurely. Hope this gets some ideas in your head for you to play with.
-Mike