Oregon Grew Too Much Weed Again: A bumper cannabis harvest in 2017 sent Oregon weed prices plummeting, and put some farmers out of business. This year’s crop is even bigger. Beau Whitney, an economist for New Frontier Data, says this fall’s harvest was 5 percent larger than the generous one in 2017. Whitney says the increase comes from new growers joining the already-crowded industry. He found that wholesale cannabis prices fell about 50 percent last year. The oversupply is driving some small cultivators out of business (“Too Much Weed,” WW, April 18, 2018). But Whitney says the tough market may also have a positive side: It could run black-market growers into the ground as consumers turn to cheap legal weed, and reduce illegal marijuana sales.

Source: https://www.wweek.com/news/2018/12/12/murmurs-oregon-grew-too-much-weed-again/