<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=192888919167017&amp;ev=PageView&amp;noscript=1">
Wednesday,  April 24 , 2024

Linkedin Pinterest
News / Business / Business Briefs

Oregon recreational pot growers scale back

By Associated Press
Published: May 29, 2018, 6:00am

BEND, Ore. — State regulators say Oregon produced enough recreational cannabis last year to supply every adult resident with more than 5 ounces of legal marijuana.

The Bend Bulletin reported there were more than 1 million pounds in the state’s supply chain.

Data provided by the Oregon Liquor Control Commission says only 108,330 pound of usable recreational marijuana were sold last year at the retail level, leaving 891,670 pounds in the pipeline.

With more cannabis being grown than consumed, growers have dropped wholesale prices and some are scaling back production or getting out of the market.

Loading...
Tags