Monday, July 14, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Huge Marijuana Sales from Pandemic-era are Flattening

Graham Cooper by Graham Cooper
September 20, 2022
in Business, Featured
Share on FacebookShare on Twitter
52


In the state of Oregon, the hugely successful marijuana industry is seeing a big correction take place.

Back in September 2020, Oregon was seeing a median price for dried flower resting at $161 per ounce. Now, it’s down 27% to $118 in August, which is an all-time low in the state.

An even bigger drop is happening with payouts for weed farmers. There’s a 62% difference between the $1,299 per pound high in price from September 2020 and August’s $493 per pound price. Producers are able to self-distribute in the state of Oregon, but even with that factoring in, the numbers are pretty bleak.

Sales in total are down 15% in the state at $633.8 million. This is after a moratorium went into effect in the state, capping the amount of licenses given, due to a crowded marketplace. That surely is a small factor in the poor numbers here.

“Really, this is a story of supply exceeding demand, just like any other free market where you see prices going up or down,” says TJ Sheehy, OLCC Director of Analytics and Research. “Supply is likely still going to exceed demand. Really, the moratorium served to sort of stanch the bleeding to a degree in terms of more people coming in, especially on the production side.”

Read the original story at Cannabis Business Times.

Visits: 734
Previous Post

New Poll, A Large Majority Of Republican Senators Support A Variety Of Marijuana Reform

Next Post

New iPhone Update takes Cannabis as a consideration in Health App

Graham Cooper

Graham Cooper

Next Post
New iPhone Update takes Cannabis as a consideration in Health App

New iPhone Update takes Cannabis as a consideration in Health App

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
New Jersey To Open Cannabis Lounge Applications In Coming Months

New Jersey To Open Cannabis Lounge Applications In Coming Months

March 5, 2025
Study Finds that Psychedelics Allow People  to Perceive Consciousness in More Parts of the World

Study Finds that Psychedelics Allow People to Perceive Consciousness in More Parts of the World

April 26, 2022
Ohio legalizes marijuana with a large majority and is immediately hit with backlash

Ohio legalizes marijuana with a large majority and is immediately hit with backlash

0
New Studies Show Increased Of Heart Disease If You Consume Cannabis

New Studies Show Increased Of Heart Disease If You Consume Cannabis

0
Texas Becomes 40th State to Legalize Medical Cannabis

Texas Becomes 40th State to Legalize Medical Cannabis

July 9, 2025
Marijuana Rescheduling Still In Limbo, Here’s the Latest

Marijuana Rescheduling Still In Limbo, Here’s the Latest

July 9, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Latest News
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Texas Becomes 40th State to Legalize Medical Cannabis

Texas Becomes 40th State to Legalize Medical Cannabis

July 9, 2025
Marijuana Rescheduling Still In Limbo, Here’s the Latest

Marijuana Rescheduling Still In Limbo, Here’s the Latest

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp