Politics

Oregon marijuana cultivators cope with price slump amid boom-bust cycle

…proposed legislation would effectively extend a moratorium on new cannabis business licenses by tying future licenses to Oregon’s population.

Oregon’s legal marijuana industry has faced slumping wholesale prices before, with the median wholesale price of a pound of cannabis falling to $649 in April 2019, according to OLCC data… The OLCC report estimated demand was only 63% of supply in 2022… meanwhile, the median wholesale price of marijuana hit a record low of $550 per pound in December 2022, before recovering slightly to $599 this past February and March [2023].

Original Article (MJ Biz Daily):
Oregon marijuana cultivators cope with price slump amid boom-bust cycle
Artwork Fair Use: BruceBlaus

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