There is too much weed in Oregon. There is not enough weed in
Oregon.
Allow me to explain. On February 1, the OLCC released its 2025
legislative report on local, regulated
marijuana supply. We get these reports every two years, as required
by ORS 475C.529. They tend to be
downers. And this one could be the worst one yet.
The report came in as expected; which is to say, both supply and
demand are trending badly for Oregon operators. Specifically:
"[t]he retail median price-per-gram of usable marijuana is
at the lowest point the market has seen since legalization. The low
price can be attributable to oversupply."
Prices aren't just low. They have never been lower. The
report confirms the conclusions in my State of the State post from
December 19, 2024, where I highlighted a static number of OLCC
licensees, a static enforcement environment (inside and outside the
OLCC system), and Oregon's largest fall harvest, ever.
I predicted downward pricing pressure. I
