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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

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.

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