by John Dawson
Post Date:
June 29, 2023 Issue Date:
July 15, 2023

By the Numbers: Deep in the weed

Name: WORLD
Price range: $

A glut in the marijuana market could signal trouble ahead for growers

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23

The number of states that have legalized marijuana for recreational use by adults. With passage of a new law May 30, Minnesota joined the list, but the cannabis industry appears to be struggling due to excess supply and falling prices.

$649

The price of a pound of premium marijuana in Colorado according to the state’s Department of Revenue, down from $1,876 in 2014 when Colorado first made cannabis legal.

3 million pounds

The weight of excess unsold cannabis that Oregon’s Liquor and Cannabis Commission reported the state’s growers had warehoused earlier this year.

$774.4 million

The government revenue raised by California’s tax on marijuana sales in 2022, according to the Tax Policy Center.