The retail and wholesale prices of pot in Oregon are falling with the proliferation of producers and recreational marijuana shops, according to an analysis by a state economist.
“The biggest thing is just competition,” said Josh Lehner, an economist with the Oregon Office of Economic Analysis in Salem. “As we get more stores, as we get more growers, (as we get) more processors, it becomes a price competition. Prices start to fall, particularly when supply is outpacing demand or supply is ramping up faster than demand is growing.”
Pot prices in Oregon are falling up to 20 percent a year, Lehner said. And he expects the prices to continue to drop.
As prices plummet, marijuana stores are competing to offer the best deals, said Greg Adrianse, the owner of New Millennium, a pot shop at 2893 Oak St.
“Everybody wants to get those customers in, and if the customers can get a better deal elsewhere, they are going to go there,” he said.
Marijuana prices listed online by pot shops in Eugene and Springfield vary greatly, with differences in potency, quality and availability all likely affecting the sale price. [Read more at The Register-Guard]
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
Did you know YouTube is considered to be the second most popular search engine in the world behind Google? That means video content is a highly effective way to boost…
By Jihee Ahn, Attorney at Harris Bricken, Our litigation team regularly attends mediations both before a lawsuit is filed and while a lawsuit is pending. We’ve covered mediation in the…
Anytime the police approached the street in the Bronx where Hector Bonilla used to hang out, his friends would toss away their marijuana on the ground, he said. The police…
Federal parliament could override state laws to legalise recreational marijuana use, according to new constitutional advice obtained by the Greens. As the minor party ramps up its campaign to legalise…