PORTLAND, 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.
City of ‘Crowses’: Why do crows love downtown Portland? Local expert explains
“The Oregon recreational marijuana market has shown to be resilient and able to adapt to change but is continually disadvantaged by the marketplace being limited to Oregon. Year after year, supply has outpaced demand,” according to the report, which was first reported by Axios …