Could California's Pot Industry Hit the Same Wall as Oregon? | The Business Journal
Oregon has experienced a price spiral following the legalization of recreational cannabis in 2014. California, despite its population of over 39 million people and many tourists, may face the same problem. Oversupply is the primary market condition that has driven prices in Oregon.
However, the scenario of a California cannabis price spiral is unlikely. Now there is a push for federal laws to fully legalize cannabis and enable the interstate trade to fulfill demand across state...
There’s Too Much Marijuana in Oregon
Marijuana prices are reaching historic-lows in Oregon.
The average price of a gram of marijuana has dropped 50% in Oregon, going from $14 in 2015 to only $7 in 2017-2018. Oregon’s U.S. Attorney Billy Williams voiced his frustration over the matter in a recent statement he released.
“In my view, and frankly in the view of those in the industry that I’ve heard from, it’s a failing of the state for not stepping back and taking a look at where this...