Oregon's recreational marijuana industry is grappling with an oversupply that has led to historically low prices for consumers. However, this scenario poses challenges for the state's 'disadvantaged' market players, who are facing tighter profit margins. The Oregon Liquor and Cannabis Commission (OLCC) released a report on February 1, revealing that the state's marijuana harvest hit 12.3 million pounds in 2024, up by 4% from 2021, with optimum growing conditions in southern Oregon credited for the increased production.
Oregon's recreational marijuana industry faces oversupply, causing low prices for consumers but tighter profit margins for disadvantaged markets, as per the latest OLCC report.
The OLCC report highlights that Oregon's marijuana harvest reached a record 12.3 million pounds in 2024, influenced by favorable growing conditions in southern regions.
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