The recreational cannabis industry in Oregon is in its “weakest” economic position since the legal market launched in 2016, according to a new report released by state regulators.
The report, released last week by the Oregon Liquor & Cannabis Commission, detailed that, after a “banner sales year” in 2020, cannabis producers in the state “entered 2021 exuberant and optimistic about the future of the market – and made their planting decisions accordingly.”
“However, the fading of demand as 2021 progressed, exacerbated by a record outdoor harvest in October 2021, set off a slide in prices that put the entirety of
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