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 response to Oregon Liquor & Hashish Fee information, 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 response to the OLCC.
It’s the worth crash – and never any flagging demand – that’s behind the drop in gross sales, consultants stated.
“I don’t suppose you’ll see value will increase anytime quickly,” Portland-based hashish legal professional Vince Sliwoski advised Oregon Public Broadcasting. “In reality, they could hold coming down.”
File Oregon hashish harvest amid COVID-19 ‘correction’
October’s out of doors harvest, which Sliwoski stated is the biggest 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 compelled value compression,” Alport advised OPB. “It’s compelled all people to lose cash throughout the provision chain.”
“The fact is, there’s approach too many shops, there’s approach 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Nonetheless, the image seems rosier in Oregon than in California, the place a quick tax hike – since repealed – helped drag gross sales right down to a five-year low.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 response to California Division of Tax and Price Administration information.
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 throughout 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.
