
What glut? Cannabis prices rise as oversupply worries ease
Oregon legislators established a moratorium on new recreational marijuana producer licenses earlier this year to manage an oversupply of product in the state. But not everyone agrees there’s an oversupply. SB 218 authorized a producer moratorium through Jan. 2, 2022, based on a January 2019 OLCC study that said in part, “As of Jan. 1, 2019, the recreational market has 6.5 years’ worth of theoretical supply in licensees’ inventory accounted for and contained within Oregon’s Cannabis Tracking System.” Some wholesale and retail outlets at an OLCC listening session in July in Ashland said they were having trouble sourcing quality product.