Cannabis Prices in Oregon, USA, Hit Historic Lows Despite Steady Consumption

In the report released by MJBiz Daily, data from the Oregon Liquor & Cannabis Commission (OLCC) shows that recreational cannabis prices in the state of Oregon dropped to record lows in 2025, while consumer demand remained relatively stable, despite increased production and market oversupply.

According to the official data collected, legal annual cannabis sales in Oregon decreased from $960 million in 2024 to approximately $925.5 million in 2025, a 3.5% retraction from the previous year. The sales decline occurred even though consumer demand did not show clear signs of decrease.

During the same period, the median price per gram of cannabis flower at retail fell to $3.33 in December 2025, down from $3.52 recorded the previous year, setting a historical record of low prices for consumers in the state.

Record Production and Oversupply

The OLCC report indicates that cannabis production in Oregon reached unprecedented levels, with over 13 million pounds harvested in 2025, surpassing the already high volumes from the previous year. This level of production contributed to a market oversupply in the state.

Industry experts, cited by MJBiz Daily, attributed the downward pressure on prices to the combination of high production and abundant product supply, which led to margin compression throughout the production chain.

Demand Indicators and Market Dynamics

Although prices have fallen, sources consulted in the study note that consumer demand remained stable, not reflecting a proportional retraction to the substantial increase in supply. This consumption stability, combined with the excess of available products, was pointed out as one of the factors explaining the decline in median price without a sharp drop in volumes purchased.

Additional production data and market trend, as disclosed by the regulatory body itself, show that the supply-demand relationship has remained unbalanced for several years, with production consistently surpassing local consumption.

With information from MJBiz Daily.