Oregon hashish gross sales declined barely in 2025 regardless of record-breaking cultivation manufacturing that noticed retail costs fall to historic lows.
Annual gross sales fell from $960 million in 2024 to $925.5 million in 2025, in accordance with Oregon Liquor & Hashish Fee knowledge, persevering with a downward development from the COVID-19 pandemic-driven peak of $1.2 billion in 2021.
That’s regardless of the median value per gram of hashish flower dropping to $3.33 in December, down from $3.52 a 12 months in the past, in accordance with the OLCC.
It’s the value crash – and never any flagging demand – that’s behind the drop in gross sales, specialists stated.
“I don’t assume you’ll see value will increase anytime quickly,” Portland-based hashish lawyer Vince Sliwoski informed Oregon Public Broadcasting. “In actual fact, they could maintain coming down.”
File Oregon hashish harvest amid COVID-19 ‘correction’
October’s outside harvest, which Sliwoski stated is the most important ever recorded, considerably contributed to the oversupply.
Oregon growers harvested greater than 13 million kilos of hashish in 2025, up from 12.3 million kilos the earlier 12 months.
David Alport, a craft hashish farmer and proprietor of Bridge Metropolis Collective retail shops in Portland, stated the pandemic boosted the state’s hashish business, which is now within the means of correcting.
“That’s pressured value compression,” Alport informed OPB. “It’s pressured everyone to lose cash throughout the availability chain.”
“The fact is, there’s manner too many shops, there’s manner an excessive amount of provide, and so it’s a matter of the market hopefully working itself out.”
Oregon marijuana gross sales stronger than California hashish market
Nonetheless, the image seems rosier in Oregon than in California, the place a short tax hike – since repealed – helped drag gross sales all the way down to a five-year low.
California hashish retailers reported simply shy of $940 million in hashish gross sales within the third quarter of 2025, in accordance with California Division of Tax and Charge Administration knowledge.
That’s down from $993 billion within the second quarter of 2025 and represents the bottom quarterly haul since early 2020, earlier than gross sales spiked through the COVID-19 pandemic.
Annual gross sales have been on tempo to drop earlier than $4 billion for the primary time for the reason that market’s launch.
