Cannabis sales in Washington fall for 5th year amid oversupply and declining prices

WASHINGTON STATE — Cannabis sales across Washington have been on a downward trend for five consecutive years, with no signs of stopping, according to the Washington Department of Revenue.

According to the Washington Liquor and Cannabis Board (WLCB), the decline in sales largely relates to an oversupply of cannabis, which has driven prices down and reduced overall revenue to pre-pandemic levels.

“The price of cannabis is going down, and the price of everything else is going up,” said Ocean Greens, owner of a north Seattle pot shop…

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