Again, pot surplus, no buyers, price plunge

By Taxpayers Association of Oregon Foundation

Oregon’s Overgrown Problem: Too High on Supply, Too Low on Demand.

Willamette Week reports that Oregon’s cannabis market is in a peculiar bind with an oversupply causing price drops and financial strain for growers and retailers. This excess has led to reduced state tax revenues, vital for funding drug treatment services. Despite reduced production earlier in the year, a significant October harvest intensified the issue, compounded by the state’s inability to export cannabis and increasing tax delinquencies.

Also, the underground illegal pot growers are selling their tax-free, unregulated supply directly to Oregon customers.

It seems the cannabis industry might just be in a higher state of trouble than anticipated.