A rampant overproduction of the recreational marijuana in the Oregon market has led to a whopping 50 percent reduction in the prices. This exclusively documented collapse of the marijuana prices have served as a tough state for the retailers and farmers. However, the price drop served its customers well.

As per the latest state analysis, the dimmed down prices for marijuana sparked a major uptick for marijuana purchases. Eventually this introduced a massive increase in the associated revenue from marijuana tax at Orgeon. Josh Lehner from Oregon Office of Economist Analysis stated that these lower prices helped drive volumes in terms of better sales while inducing medical as well as medical market based conversions going all the way to the recreational, legal market.

The sales for recreational marijuana in Oregon shall reach the mark of $543 million by the end of the year revealing an upscale rise of 29 percent as compared to the previous year. When marijuana was legalized at Oregon about 4 years ago, the expectations were massive for this freshly legal market. The state also created incentives designed for the producers in order to help them leave the holds of black market. The evident result was a massive overproduction along with price decrease.