Cannabis Industry News

Oregon's Cannabis Farmers Overproduce Yet Again

Oregon's cannabis industry continues to face challenges due to oversupply, resulting in lower prices and financial struggles for producers, processors, and retailers. The state's economists reported a 15% increase in the October outdoor harvest compared to the previous year, exacerbating the existing supply glut. As a result, many businesses are unable to pay taxes and debts, leading to an increase in tax delinquencies and falling tax collections. This poses a threat to Measure 110, which relies on cannabis taxes to fund addiction treatment services. While some suggest reducing the number of licensees to stabilize prices, current conditions reflect intentional policy decisions and the federal government's stance on marijuana.