Retail prices in Oregon for legal pot have plummeted from more than $10 per gram in October 2016 to less than $5 last December. At the same time, smaller marijuana businesses are feeling competition from bigger, richer players, some from out of state. As of January, Oregon’s recreational pot market had an estimated 6 1/2 years’ worth of supply, according to an OLCC study . U.S. Justice Department officials have said they won’t interfere in states’ legal marijuana businesses as long as the pot isn’t smuggled into other states and other standards are met. The bill to curtail production could “keep the feds off our back,” Rob Bovett, legal counsel for the Association of Oregon Counties, told lawmakers.

Source: thestar May 30, 2019 20:48 UTC