Oregon marijuana cultivators have been suffering through another wholesale price slump as supply outstrips demand, a now-familiar pattern for the state’s mature adult-use market.
Median wholesale prices were hovering near $600 per pound on March 1, down from a peak of more than $1,800 in 2017, according to Oregon Liquor and Cannabis Commission (OLCC) data.
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Interstate cannabis commerce could solve the problem by unleashing Oregon’s production glut on the rest of the U.S., but – barring wild success in a pending lawsuit or a legislative miracle in Washington DC – the possibility of legally shipping marijuana out of Oregon and across state lines looks remote.
Prices could rise again as cultivators cut back or go out of business and production dwindles.
Meanwhile, proposed legislation would effectively extend a moratorium on new cannabis business licenses by tying future licenses to Oregon’s population.
“It’s not going to put
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