There is too much weed in Oregon. There is not enough weed in Oregon.
Allow me to explain. On February 1, the OLCC released its 2025 legislative report on local, regulated marijuana supply. We get these reports every two years, as required by ORS 475C.529. They tend to be downers. And this one could be the worst one yet.
The report came in as expected; which is to say, both supply and demand are trending badly for Oregon operators. Specifically:
“[t]he retail median price-per-gram of usable marijuana is at the lowest point the market has seen since legalization. The low price can be attributable to oversupply.”
Prices aren’t just low. They have never been lower. The report confirms the conclusions in my State of the State post from December 19, 2024, where I highlighted a static number of OLCC licensees, a static enforcement environment (inside and outside the OLCC system), and Oregon’s largest fall harvest, ever. I predicted downward pricing pressure. I could go on and on about all these things, but I don’t mean to bore you, and we’d like some encouraging words.
I have another way to think about the report. Oregon is not producing too much cannabis.
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