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Oregon’s cannabis industry at its weakest since 2016: OLCC report

Oregon Liquor and Cannabis Commission shared its 2023 Recreational Marijuana Supply and Demand Legislative Report, which indicates that the state’s cannabis supply is surpassing the demand for yet another year.

OLCC releases this report to the Oregon legislature every other year to show the state of the recreational cannabis market, a market that the commission said: “is in arguably the weakest economic position it has been in since the inception of the program in 2016.”

According to OLCC, market demand was 63% of supply in 2022, compared to 52% of supply in 2021. This improvement in supply-demand equilibrium happened not because of a growth in consumer interest, but due to OLCC producers’ self-correcting the number of crops planted last year.

The agency reported that even with local producers slowing cultivation so that Oregon’s cannabis industry doesn’t continue to see a decline in prices, the abundance of usable cannabis inventory from prior years could signal a persisting problem.


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