For the first time since 2017, the median price per pound of recreational marijuana sold by cultivators to retailers topped $1,500 in December, according to data provided by the Oregon Liquor Control Commission.
Prices also rebounded for cannabis sold to wholesale businesses.
The rising prices are just another sign of Oregon’s booming marijuana market.
Recreational marijuana sales in the state grew 38% in 2020, ending the year at a record $1 billion.
The state experienced year-over-year growth in every month of 2020, indicating that the coronavirus pandemic and resulting recession didn’t negatively affect overall demand.
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