(Oregon Public Broadcasting) Oregon is producing twice as much cannabis as people are using, according to a new study from the Oregon Liquor Control Commission. And Oregon has been overproducing marijuana for a while — leaving more than six years’ worth of supply sitting on shelves and at farms.
On top of that, the Oregon secretary of state’s office just released an audit saying Oregon’s system for regulating marijuana needs to be strengthened.
The oversupply of cannabis has driven down prices. Since recreational cannabis was legalized three years ago, prices have dropped from $10 a gram to less than $5 a gram.
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That may be good for consumers, but the worry is weak regulations plus a massive oversupply will fuel the black market.