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Oregon cannabis prices fall to record low but consumer demand steady

Oregon cannabis sales declined slightly in 2025 despite record-breaking cultivation production that saw retail prices fall to historic lows.

Annual sales fell from $960 million in 2024 to $925.5 million in 2025, according to Oregon Liquor & Cannabis Commission data, continuing a downward trend from the COVID-19 pandemic-driven peak of $1.2 billion in 2021.

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That’s despite the median price per gram of cannabis flower dropping to $3.33 in December, down from $3.52 a year ago, according to the OLCC.

It’s the price crash – and not any flagging demand – that’s behind the drop in sales, experts said.

“I don’t think you’ll see price increases anytime soon,” Portland-based cannabis attorney Vince Sliwoski told Oregon Public Broadcasting.  “In fact, they may keep

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