It turns out Oregonians are good at growing cannabis—too good.
In February, state officials announced that 1.1 million pounds of cannabis flower were logged in the state's database.
If a million pounds sounds like a lot of marijuana, that's because it is: Last year, Oregonians smoked, vaped or otherwise consumed just under 340,000 pounds of legal bud.
That means Oregon farmers have grown three times what their clientele can smoke in a year.
Yet state documents show the number of Oregon cannabis farmers is poised to double this summer—without much regard to whether there's demand to fill.
The result? Prices are dropping to unprecedented lows in auction houses and on dispensary counters across the state.
Top Image: © wollertz | Adobe Stock
