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Oregon saw too much marijuana in 2024 amid 'disadvantaged' market, OLCC report says
Beau Whitney, a Portland-based economist, is calling for a reset in Oregon's cannabis regulationsPORTLAND, Ore. (KOIN) – Oregon’s recreational marijuana industry is continuing to see an oversupply issue, leading to record-low prices for consumers but tighter margins for Oregon’s “disadvantaged” market, according to a new Oregon Liquor and Cannabis Commission report.
According to the report, which was released February 1, Oregon harvested almost 12.3 million pounds of marijuana in 2024, marking a 4% increase from the 2021. The abundant harvest is thanks, in part, to ideal growing conditions in southern Oregon, officials said.
However, demand only met 57% of supply in 2024, the OLCC estimates.
Read more at: https://www.koin.com/news/oregon/oregon-saw-too-much-marijuana-in-2024-amid-disadvantaged-market-olcc-report-says/
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