The average price of legal marijuana has reached a historic low in Oregon.
Recent data from the Oregon Liquor and Cannabis Commission reveals that the average price for dried marijuana flower in licensed marijuana stores has fallen to $3.60 per gram—the lowest recorded rate. Additionally, the price for marijuana concentrates has dropped to a new low of $15 per gram, down from a previous stable average of $16.
These figures position Oregon as the state with the most affordable legal marijuana prices in the nation. For comparative context, Massachusetts, the next closest in terms of low prices, sells its marijuana flower at $5.36 per gram.
Since the inception of legal marijuana sales in 2016, the market has seen striking cost dynamics. Initially, the average price of dried flower was $10.50—65% higher than today’s rates. Similarly, the price of concentrates has decreased significantly, originally averaging $45 per gram, a 66% reduction from current prices.
Oregon, which legalized recreational marijuana in 2014—becoming the third state to do so after Colorado and Washington in 2012—allows individuals 21 and older to possess up to two ounces of marijuana in public and up to eight ounces at home. The law also includes provisions for the possession of one ounce of marijuana extracts, 16 ounces of marijuana-infused solids, and 72 ounces of marijuana-infused liquids. All adults over the age of 21 can purchase these products from licensed retail outlets.
