Cannabis price collapse putting billions in consumers’ pockets

For the industry, price is driving a shift from flowers to more processed and value-added cannabis extracts and edibles
Leafly (US)
Thursday, October 18, 2018

Wholesale cannabis prices could hit as low as $30 an ounce in some parts of the U.S. as another record crop of outdoor cannabis floods markets and sinks prices. The legal recreational market in Oregon continues to drown in a multi-year surplus. Oregon produced 10 times the cannabis it needs each year, and approximately 825,000 pounds of unsold dried wholesale flower now sits in the state’s tracking system, says Jonathan Rubin, CEO of Cannabis Benchmarks, which tracks wholesale prices. The trends point to what many people expected: a segmentation of the flower market into commodity products and, importantly, premium craft products that consumers will pay top dollar for at retail.