Cannabis Oversupply in Washington State Drives Prices to Threatening Lows

As a record harvest hits the market, farmers could be forced to accept as little as $1 per gram of legal flower.

Wa State Capitol

January 18, 2018

The State of Washington has a cannabis problem.

But it's not addiction or even the black market. It's that they've got too much weed and not enough places to legally sell it.

According to cannabis-focused research firm Straight Line Analytics founder Dr. Jim MacRae, the October 2017 outdoor harvest was the state's biggest to date and will mean a 60% larger supply from a year earlier.

Top image courtesy of Adobe Stock

Pennsylvania Governor Holds Tight to Cannabis Legalization in Budget Negotiations

Ohio House Lawmakers Consider Bill to Eviscerate Voter-Approved Cannabis Law

Pennsylvania Lawmaker Offers New Plan to Legalize Adult-Use Cannabis

Minnesota Lawmakers Agree on Cannabis Law Changes, Send Bill to Governor

Pennsylvania Governor Holds Tight to Cannabis Legalization in Budget Negotiations

Gov. Josh Shapiro calls adult-use legalization a ‘competitiveness’ issue as he spars with Senate Republicans over reforming the state’s laws.

Pennsylvania Gov. Josh Shapiro talks about legalizing adult-use cannabis through the state budget during his June 18 visit to the Lancaster City Housing Authority.

Ohio House Lawmakers Consider Bill to Eviscerate Voter-Approved Cannabis Law

The Senate-passed legislation would recriminalize certain aspects of legalization and eliminate the state’s social equity licenses and jobs program.

Ohio-grown cannabis flower.

Pennsylvania Lawmaker Offers New Plan to Legalize Adult-Use Cannabis

Sen. Marty Flynn intends to introduce the Keystone Cannabis Act, but he is first asking for co-sponsorship in the upper chamber.

Pennsylvania state Sen. Marty Flynn, D-Scranton

Minnesota Lawmakers Agree on Cannabis Law Changes, Send Bill to Governor

The legislation aims to make six key changes to the state’s adult-use law signed by Gov. Tim Walz two years ago; local control provisions excluded.

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Pennsylvania Senate Kills House’s Cannabis Legalization Plan

The Senate Law and Justice Committee rejected a partisan adult-use legalization bill despite its members offering support for policy reform.

Pennsylvania Sen. Dan Laughlin, R-Erie, explains why he opposes House Democrats' adult-use legalization bill before the Senate Law and Justice Committee's vote to kill it on May 13.

Wisconsin Cannabis Legalization Hopes Fade as GOP Lawmakers ‘Gut’ Governor’s Budget

Democratic Gov. Tony Evers blasted Republican lawmakers for stripping hundreds of his budget proposals.

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Pennsylvania Democrats ‘Ram’ Partisan Cannabis Legalization Bill Through House

The chamber’s lawmakers voted, 102-101, along party lines to pass the legislation, which aims to establish a state-run dispensary model

Pennsylvania Rep. Rick Krajewski asks colleagues to reject an amendment to his adult-use cannabis legalization bill May 6 on the House floor.

US House Members Introduce Bipartisan Bill to Lay Groundwork for Federal Cannabis Legalization

GOP Rep. Dave Joyce and Democratic Leader Hakeem Jeffries teamed up on the PREPARE Act to create a regulatory structure for cannabis.

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New Hampshire Senate Committee Recommends Killing Adult-Use Legalization Bill

The committee dealt a blow to a House-passed bill that aims to legalize cannabis possession without establishing a commercial marketplace.

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Delaware Lawmakers File Bill to Fix FBI Snafu for Adult-Use Sales

The legislation identifies specific categories of individuals required to obtain fingerprint checks for licenses in the state’s forthcoming adult-use market.

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New Hampshire House Passes 2nd Adult-Use Legalization Bill This Session

The legislation would legalize cannabis for those 21 and older without establishing a commercial market for cultivation and sales.

New Hampshire Rep. Jared Sullivan discusses his adult-use legalization bill March 26 on the House floor.

Virginia Governor Vetoes Adult-Use Cannabis Sales Bill, Again

Republican Gov. Glenn Youngkin rejected the Democratic-passed legislation that aimed to provide adults 21 and older tested and regulated products.

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