Oregon’s regulated cannabis industry is so overstocked with product that it could meet consumer demand for the next six and a half years, according to the state’s analysis of the market.
That was one of the conclusions in the Oregon Liquor Control Commission’s recent analysis of cannabis supply and demand. The report, based on data from three years of production and more than two years of legal sales, was submitted to lawmakers last week.
The document is intended to provide a snapshot of market trends and an examination of how Oregon marijuana policy, such as unlimited producer licenses and low licensing fees, play out in the maturing industry.
It comes on the heels of an unsparing audit of the agency and the Oregon Health Authority’s efforts to regulate recreational and medical marijuana. Among auditors’ findings: the state has not done enough to address black market diversion and hasn’t kept up with mandatory inspections.
The Liquor Control Commission, which regulates recreational marijuana from production to sale, acknowledged in its own analysis oversupply and a proliferation of producer licenses that shows no signs of letting up. [Read more at The Oregonian]