The December median wholesale price for a pound of cannabis was $948, down about a third from $1,397 a year earlier.
PORTLAND, Ore. — Licensed cannabis growers harvested a record-breaking 11.1 million pounds of Oregon’s finest in 2021, according to data from state regulators, a 38% increase over 2020 and a staggering 88% gain from 2019.
The result is a market once more in vast oversupply, inflicting pain on growers.
“It’s brutal,” said Mike Getlin, owner of the Old Apple Farm in Oregon City. “We’ve had to do two major rounds of layoffs at my farm. We are barely clearing payroll. We’re clearing $30,000 biweekly
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