Retail and wholesale prices for legal marijuana in Oregon are at or near all-time lows as a cannabis oversupply continues to affect licensed businesses.
The median price of marijuana at recreational retailers reached a record low of $4 per gram as of February, according to Oregon Liquor and Cannabis Commission (OLCC) data.
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That represents a price decline of almost 16% from February 2022.
The wholesale median price of marijuana sold between adult-use businesses reached a record low of $550 per pound ($1.21 per gram) in December 2022 before recovering slightly to $599 per pound ($1.32 per gram) in February – a year-over-year decline of nearly 25%.
“We have a record amount of overdue accounts receivable, retailers that owe us money,” Mason Walker, CEO of Oregon cultivator East Fork Cultivars, told The Oregonian newspaper.
“That’s happening across the market. It’s causing pain up and down the supply
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