Oregon has pot oversupply; Colorado hits the mark

Oregon has pot oversupply; Colorado hits the mark

PORTLAND — Two of the first states to broadly legalize marijuana took different approaches to regulation that left Oregon with a vast oversupply and Colorado with a well-balanced market. But in both states prices for marijuana have plummeted.

A new Oregon report by law enforcement found nearly 70 percent of the legal recreational marijuana increased goes unsold, while an unrelated state-commissioned Colorado study found most growers there are planting less than half of the legal allotment — and still meeting demand.

The reports offer case studies for California and other pot-friendly nations as they ramp up their legal pot industries. They also underscore some critical differences in how broad legalization was handled that have helped shape differently evolving markets in each state.

Released at Sun, 05 Aug 2018 17:29:54 +0000

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