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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 Lawmakers File Bipartisan Bill to Legalize Adult-Use Cannabis

UPDATE: US House Democrats Introduce Bill to Federally Legalize Cannabis

Pennsylvania Lawmakers Introduce Cannabis Legalization Bill, Pointing to Neighboring Ohio

UPDATE: New Hampshire Senate Passes Adult-Use Cannabis Legalization Bill

Pennsylvania Lawmakers File Bipartisan Bill to Legalize Adult-Use Cannabis

Reps. Aaron Kaufer and Emily Kinkead are sponsoring the legislation with 15 co-sponsors in the commonwealth.

Adobe Stock

UPDATE: US House Democrats Introduce Bill to Federally Legalize Cannabis

The MORE Act aims to decriminalize and deschedule cannabis, provide expungements, and reinvest in those adversely impacted by the drug war.

Rep. Jerry Nadler, D-N.Y., reintroduced the MORE Act Sept. 20 in the U.S. House.

Pennsylvania Lawmakers Introduce Cannabis Legalization Bill, Pointing to Neighboring Ohio

A pair of bipartisan state representatives released a 220-page bill in a memo calling on their colleagues to join them in cosponsoring the legislation.

Penn Mj bill

UPDATE: New Hampshire Senate Passes Adult-Use Cannabis Legalization Bill

The 'Live Free or Die' state could be the first to enact broad cannabis reform via a Republican-controlled legislature.

Nh Mj plant

Senate Democrats Introduce Bill to Federally Legalize Cannabis

The Cannabis Administration and Opportunity Act aims to deschedule marijuana by removing it from the Controlled Substances Act.

Caoa Topstory

Hawaii Lawmaker Calls Cannabis Legalization ‘Divisive,’ Kills Adult-Use Bill

The state’s House Finance Committee won’t hold a hearing on the legislation, which the Hawaii Senate overwhelmingly passed last month.

Hawaii Flower

Virginia Governor Vetoes Adult-Use Cannabis Sales Bill

Republican Gov. Glenn Youngkin says ‘Cannabis is bad for Virginians’ and questions legalization’s impact on youth health and safety in veto message.

Youngkin Merged

Germany’s Cannabis Legalization Moves Forward as Planned

The new law remains on schedule after unsuccessful opposition in the Parliament’s upper house had threatened to delay its implementation.

Germany Mj

Those Who Think Virginia Governor Will Sign Cannabis Bill ‘Must’ve Been Smoking Something’

Gov. Glenn Youngkin finally came out and gave a concrete answer as to whether his pen will land on an adult-use sales bill.

Mj Leaf sky

Virginia Governor Never Was Going to Sign Cannabis Sales Bill

Republican Gov. Glenn Youngkin reportedly didn’t have the legislation on the negotiating table “under any circumstance,” a Democrat lawmaker said.

Mj Dead

Tension Between Virginia Governor, Senate Could Deal Defeat to Cannabis Sales Bill

Gov. Glenn Youngkin appears less likely to sign the legislation after state lawmakers blocked his effort to build a professional sports arena.

Youngkin Sports Cannabis

UPDATE: Hawaii Senate Passes Adult-Use Legalization Bill

The legislation faces an uphill battle in the state’s House, where a previous legalization attempt died last year.

Hawaii Two

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