After three years of legal weed, Oregon has grown 1.1 million pounds, approximately three times what residents buy in a year. From The Guardian:
The result? Prices are dropping to unprecedented lows in auction houses and on dispensary counters across the state.
Wholesale sun-grown weed fell from $1,500 a pound last summer to as low as $700 by mid-October. On store shelves, that means the price of sun-grown flower has been sliced in half to those four-buck grams.
For Oregon customers, this is a bonanza. A gram of the beloved Girl Scout Cookies strain now sells for little more than two boxes of actual Girl Scout cookies.
But it has left growers and sellers with a high-cost product that’s a financial loser. And a new feeling has descended on the once-confident Oregon cannabis industry: panic.
“The business has been up and down and up and down,” says Don Morse, who closed his Human Collective II dispensary in south-west Portland four months ago. “But in a lot of ways it has just been down and down for dispensaries.”
"How do you move mountains of unwanted weed?" (The Guardian via Next Draft)
Report says legalization associated with decline in youth cannabis use
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