Oregon's cannabis industry continues to see falling prices amid rising production and stagnant demand. The latest numbers from the state on the cannabis industry come as the federal government looks to make it marginally easier for marijuana businesses to operate.
For the last two years the state's retail cannabis industry has contended with some of the lowest prices ever seen for flower at less than $4 per gram, according to the Oregon Liquor and Cannabis Commission. In December, the median price per gram sat at a measly $3.33.
In 2025, overall sales declined by 3.5% for a total of $925 million, according to the OLCC. In 2025, Oregon growers harvested more than 13 million pounds — up from just over 12 million pounds the previous year. Industry experts largely blame low retail prices, not lack of demand, for the falling sales numbers. And they expect low retail prices to persist through 2026, mostly thanks to record setting production for the last cannabis season.
"I think it's going to continue for some time because we had such a massive harvest in October, which is historically the big Oregon outdoor cannabis harvest month," Vince Sliwoski, a Portland business attorney specializing in cannabis, told OPB. "It was the largest ever recorded, and I don't think you'll see prices increase at all any time in the near future. In fact, they may keep coming down."
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