EUGENE, Ore. -- A study recently released by the Oregon Liquor Control Commission says there's an oversupply of legal marijuana -- about six years worth.
According to the study, the oversupply of cannabis has driven down prices.
"Our buyers are seeing the price of a pound drop dramatically over the year. Let's see, we see the 5...the shelf $5 grams expanding dramatically over the last year," said Gavin Rose, an employee at the Terpene Station dispensary in Eugene.
The study suggests four ways lawmakers could handle the oversupply, including not doing anything and letting the process lead to an equal balance of 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 strengthened.
"I think until the rests of the states get on board...you're always going to see some diversion," Rose said.
The audit said the oversupply leads to concerns of weak regulations and fueling the black market.
At this point, the oversupply is in the hands of lawmakers.
- OLCC study shows an oversupply of cannabis in Oregon
- Oversupply of cannabis causes concern for Oregon businesses
- Reports: Oregon has pot oversupply; Colorado hits the mark
- OLCC fines Coos Bay marijuana dispensary
- OLCC increases penalties for underage sales of marijuana
- Cannabis-related ER visits in Colorado jump threefold after legalization, study says
- Britain welcomes the global cannabis revolution
- Questions raised about cannabis growers' water use
- Air pollution is making us dumber, study shows
- Study shows increase in marijuana use among older generations