Oregon wholesale marijuana flower prices rise after growers exit market, some pivot to hemp

2/3/20–Oregon regulators set a low barrier of entry to grow cannabis in the state, and steady overproduction drove the market to rock-bottom lows. However, prices have begun to rebound due to a rash of growers going out of business because the market wasn’t lucrative enough, which has decreased supply. Additionally, other licensed producers have not utilized their full canopy because the market was too unfavorable, and more cannabis growers have pivoted to hemp production, seeking opportunities in the CBD market. Read