Marijuana prices in Oregon have dropped to their lowest levels ever because of the oversupply resulting from last year’s record-breaking harvest.
Nearly 12.3 million pounds of marijuana was harvested in the state in 2024, but demand for cannabis products is flat at $960 million – about the same as in 2023.
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That’s according to the “2025 Recreational Marijuana Supply and Demand Legislative Report” issued by the state’s regulator, the Oregon Liquor and Cannabis Commission (OLCC).
The median retail price per gram of flower declined to $3.75 because the amount of product available is double what people are purchasing, the agency reported.
Although Oregon regulators in 2019 issued a moratorium on new licenses for cultivators and retailers and extended it last year, the
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