OLCC study shows an oversupply of cannabis in Oregon

A study recently released by the Oregon Liquor Control Commission said there's an oversupply of legal marijuana that has about 6 years worth.

Posted: Feb 10, 2019 6:07 PM
Updated: Feb 10, 2019 6:07 PM

Speech to Text for OLCC study shows an oversupply of cannabis in Oregon

Below is the closed-captioning text associated with this video. Since this uses automated speech to text spelling and grammar may not be accurate.

been spotted in backyards and it*did pose a threat a recent study released by the oregon liquor control commission says oregon is producing twice as much cannabis as people are using. kezi 9 news reporter madison glassman explored this study....and has the details in our managing marijuana madison says, "this study...recently released by the olcc says there's an oversuply of legal marijuana...that has 6 and a half years worth. today...i spoke with an employee at this dispensary in eugene to get their thoughts." according to this study...the oversupply of cannabis has driven down prices sot "our buyers are seeing the price of a pound drop dramatically over the year. let's see, we see the 5...the shelf uh 5 dollar grams expanding dramatically over the last year." the study suggests four ways lawmakers could handle the over supply one option includes simply not doing anything... saying businesses will fail...others will consolidate and eventually the market will find an equal balance between supply and demand. this study comes as the oregon secretary of state's office released an audit calling for the marijuana regulating system to be strenghten. sot "i think until the rests of the states get on board...you're always going to see some diversion." the price drop may sound nice for consumers? but
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