Oregon’s Supply Is Nearly Double Demand

Adult-use cannabis prices in Oregon fell to an all-time low last year even as the state saw its largest-ever cannabis harvest, OregonLive reports.

Cannabis prices have been under $4 per gram for almost two years, reaching a record low of $3.51 in December 2024. The low prices are the result of an oversaturated market that “continues to strain marijuana businesses,” according to the Oregon Liquor and Cannabis Commission, which said the state’s cannabis supply is nearly double its consumer demand for the products. The issue compounds when cultivators bring in bigger and bigger harvests each year — licensed growers produced 12.3 million pounds of cannabis last year, 28% more than the previous year.

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