Adult-Use + Medical Q2 2026 Refreshed Jun 15, 2026

Oregon Cannabis
Market Intelligence Report

The Beaver State

A decade-old market now defined by record production, falling prices, and a permanent licensing moratorium.

๐Ÿ“… Published Jun 15, 2026 ๐Ÿ”„ Next refresh: Sep 13, 2026 ๐Ÿ“ Primary source: Oregon Liquor and Cannabis Commission (OLCC) โฑ 14 min read
Location
WACAORNVID
๐Ÿ“ Oregon โ€” Pacific Northwest
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โšก
Key Takeaways โ€” Q2 2026
5 things to know before you read on
1
Oregon's legal cannabis sales declined 3.5% in 2025 to roughly $925M, as record production drove prices down even though consumer demand stayed steady. (Official ยท OLCC)
2
Cumulative all-time legal cannabis sales have surpassed $8B since the market launched in 2015, with cumulative state tax revenue exceeding $1.3B.
3
The OLCC made its licensing moratorium permanent in 2024 after a period of severe oversaturation; producer and retail license counts have since stabilized or declined slightly.
4
Oregon taxes recreational cannabis at a flat 17% state retail sales tax, with localities permitted to add up to 3% more — a maximum 20% combined rate, among the lowest of major adult-use states.
5
Oregon is bordered almost entirely by adult-use states — Washington, California, and Nevada are all Adult-Use + Medical — with only Idaho fully prohibited, limiting cross-border demand upside relative to more isolated markets.
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Key Decision Summary

All Roles
IF YOU'RE A RETAILER
Compete on experience, not price alone.

With over 600 active retail licensees in a market with falling prices, differentiation through service and curation matters more than ever.

IF YOU'RE A CULTIVATOR
Oversupply remains the central risk.

Record production levels in 2025 continued to push prices lower; the permanent moratorium caps new entrants but does not reduce existing capacity.

IF YOU'RE A DISTRIBUTOR / VENDOR
Target a stabilizing, mature operator base.

With licensing now closed to new entrants, the operator population is largely fixed — a clearer, more mappable customer base than in growth-phase markets.

IF YOU'RE AN INVESTOR
Oregon is a low-tax, low-growth, stable-decline market.

The combination of low tax burden, adult-use neighbors on three sides, and a permanent moratorium makes Oregon a mature-market case study rather than a growth opportunity.

So what?

Oregon's market has shifted from oversaturated growth-phase chaos to a stabilizing, lower-tax, mature market — with the OLCC's permanent moratorium now the defining structural feature.

$925M
2025 Total Cannabis Sales
-3.5% vs. 2024
Official ยท OLCC
up to 20%
Combined Tax Rate
17% state + up to 3% local
Official ยท OLCC
600+
Active Retail Licenses
moratorium permanent since 2024
Official ยท OLCC
$8B+
Cumulative All-Time Sales
since 2015 launch
Official ยท OLCC
01

Market Overview

All Roles

Oregon launched recreational cannabis sales in October 2015 and built one of the country's most production-heavy markets, with cultivation capacity that has consistently outpaced in-state demand. 2025 sales declined 3.5% to roughly $925 million as record production drove average prices lower, even though underlying consumer demand held steady.

Cumulative all-time legal sales have now passed $8 billion, with the program having generated over $1.3 billion in cumulative state tax revenue since launch.

Oregon Total Cannabis Sales & Tax Revenue, 2023โ€“2025
YearTotal SalesTax RevenueConfidence
2023~$988M$148MModeled-Estimated sales / Official tax
2024~$958M$153MModeled-Estimated sales / Official tax
2025$925MNot Available (full-year not yet published)Official sales
Oversupply Dynamic

Oregon's cultivation capacity has historically exceeded what the in-state market can absorb. The OLCC made its licensing moratorium permanent in 2024 specifically to address this oversaturation, though existing growers' capacity remains largely unchanged.

02

State Demographics

RetailerInvestor

Oregon's median age of 40.8 is above the national figure, consistent with a long-tenured, established cannabis consumer base relative to newer adult-use states.

Population by Age Bracket Census ACS 2024
Under 18
19%
18โ€“34
22%
35โ€“64
39%
65+
20%
Total Population4,254,293
Median Household Income$83,011
Median Age40.8 yrs
Urban Population Share~81% (Modeled-Estimated)
03

Regulatory & Licensing

RetailerCultivatorManufacturerDistributor

The Oregon Liquor and Cannabis Commission (OLCC) regulates all recreational cannabis licensing, compliance, and enforcement statewide. After years of producer oversaturation, the OLCC made its licensing moratorium permanent in 2024, closing most license categories to new applicants and stabilizing the overall license count.

Retailers
600+
Active recreational retail licenses
Indoor Producers
566
Indoor cultivation license holders
Outdoor Producers
544
Outdoor cultivation license holders
Mixed-Light Producers
263
Combined indoor/outdoor cultivation
04

State Incentives & Support Programs

All Roles

Oregon's cannabis tax revenue is statutorily allocated across a range of public programs rather than through direct business incentives or equity grant programs.

State School Fund & Local Government AllocationsRevenue Distribution

A defined share of Oregon's 17% state cannabis tax revenue is allocated to schools, mental health/addiction services, state police, and city/county governments by statute. (Official.)

Local Option Tax (up to 3%)Local Revenue

Cities and counties may adopt an additional local tax of up to 3% on recreational cannabis sales, retained locally. (Official.)

Industry Hemp/Cannabis Research FundingResearch

Oregon has periodically funded cannabis-related research and regulatory studies, including the 2025 Recreational Marijuana Supply and Demand Legislative Report. (Official; ongoing grant dollar figures Not Available.)

05

Supply Chain

CultivatorManufacturerDistributor

Oregon's cultivation base of roughly 1,373 producer licenses (544 outdoor, 566 indoor, 263 mixed-light) has historically produced far more cannabis than the in-state retail market can absorb, a structural oversupply that the OLCC's permanent 2024 moratorium aims to stabilize rather than reverse. Record 2025 production levels continued to push wholesale and retail prices lower.

Supply is concentrated in the Willamette Valley and Southern Oregon (Rogue Valley), historically known cultivation regions predating legalization.

06

Consumer Demand

RetailerManufacturerDistributor

Flower remains dominant in Oregon, consistent with the state's production-heavy, price-competitive market structure.

Illustrative Product Category Mix, Oregon Retail Modeled-Estimated; OLCC does not publish a single statewide category breakdown in this format.
Product CategoryEst. Share of Retail SalesConfidence
Flower40%Modeled-Estimated
Vapor / Concentrates28%Modeled-Estimated
Edibles15%Modeled-Estimated
Pre-Rolls12%Modeled-Estimated
Other5%Modeled-Estimated
07

County-Wise Sales

RetailerInvestorModeled-Estimated

OLCC publishes licensee-level data but not an official county sales ranking; the table below is a modeled estimate based on retail license density and population.

Estimated Regional Retail Sales Ranking (Illustrative) Modeled-Estimated; not an official OLCC figure.
RegionEst. Sales RankConfidence
Portland Metro (Multnomah/Washington/Clackamas)#1Modeled-Estimated
Lane County (Eugene)#2Modeled-Estimated
Jackson/Josephine County (Rogue Valley)#3Modeled-Estimated
Deschutes County (Bend)#4Modeled-Estimated
08

Cost-to-Open Benchmarks

๐Ÿ”’ Members Only

Note: Oregon's licensing moratorium means most license categories are closed to new applicants — entry typically requires acquiring an existing license.

Oregon Cost-to-Open Benchmarks
Cost ItemTypical RangeConfidence
OLCC license application fee$250 (non-refundable)Official
Annual license fee$4,750โ€“$5,750 depending on typeOfficial
Retail buildout$100,000โ€“$400,000Modeled-Estimated
๐Ÿ”’
Unlock Oregon Cost-to-Open Benchmarks
See itemized licensing and buildout cost ranges, plus secondary-market license pricing — exclusive to Premium and Elite CannBus members.
09

Vendor Demand Signal

๐Ÿ”’ Members Only

Vendor demand signal tracks which product and service categories Oregon operators are actively sourcing this quarter.

Top inbound vendor-interest categories from Oregon retailers and producers this quarter.

๐Ÿ”’
Unlock Oregon Vendor Demand Signal
See the top vendor categories Oregon operators are sourcing this quarter, plus verified vendor shortlists — exclusive to Premium and Elite CannBus members.
10

Financials & Tax

All Roles

Oregon applies a flat 17% state retail sales tax on recreational cannabis, with localities permitted to add up to an additional 3% — a combined maximum of 20%, among the lowest total cannabis tax burdens of any major adult-use state.

Oregon Cannabis Sales & Tax Revenue Official ยท OLCC / Oregon Department of Revenue; 2025 tax revenue not yet published at time of writing.
PeriodTotal SalesTax Revenue
2023~$988M$148M
2024~$958M$153M
Cumulative since 2015$8B+$1.3B+
11

Neighboring States โ€” Regional Impact

RetailerDistributorInvestor

Oregon is unusual in being bordered almost entirely by adult-use states, limiting the cross-border demand pull that benefits more isolated markets.

Washington
Adult-Use + Medical

Mature, high-tax adult-use market; limited cross-border pull given comparable legal access.

California
Adult-Use + Medical

Much larger neighboring market; minimal cross-border effect given OR's small population share near the CA border.

Nevada
Adult-Use + Medical

Adult-use market; negligible direct border interaction given geographic distance between population centers.

Idaho
Prohibited

Fully prohibited; eastern Oregon retailers near the ID border see some cross-border customer traffic. (Modeled-Estimated)

12

Workforce

RetailerCultivatorManufacturer

Oregon's cannabis industry has historically supported tens of thousands of jobs across cultivation, processing, and retail per state employment-trend research (Oregon Employment Department / QualityInfo), though a precise current statewide figure for 2025 is not centrally published. (Not Available at the current single-figure official level; historical trend data exists.)

13

Social Equity

All Roles

Oregon's adult-use law does not include a dedicated statewide social equity licensing program comparable to states like Illinois or New York. Some local jurisdictions have explored equity-focused provisions, but no centralized statewide equity applicant or award data is published by the OLCC. (Not Available at the statewide official level.)

14

Illicit Market

RetailerInvestor

Oregon's relatively low combined tax rate (up to 20%) and abundant legal supply are generally believed to limit illicit-market competitiveness within the state, though Oregon has also been a documented source of cannabis illegally diverted to other states given its production surplus. No official statewide illicit-market-share figure is published. (Modeled-Estimated.)

15

Market Signals & Data Confidence

All Roles

This report blends official OLCC/DOR data with modeled estimates where no official figure exists.

Data Confidence Reference
Data PointSource TypeAs-of DateConfidenceHow We Use It
Total Cannabis SalesGovernment (OLCC)2025HighHeadline stat & trend table
Tax RevenueGovernment (OLCC/DOR)2023โ€“2024HighFinancials section
License CountsGovernment (OLCC) / Legislative Report2025HighRegulatory section
Population / Income / AgeGovernment (Census ACS)2024HighDemographics section
Product Category MixIndustry research2025LowConsumer demand framing
Regional Sales RankingModeled (license density)2025LowRegional section, directional only
16

Scenario Outlook & Market Opportunity Snapshot

All Roles
Three-Year Scenario Outlook
ScenarioKey DriverEst. 2027 Trajectory
BearOversupply persists, prices keep falling-5% to -8% vs. 2025
BaseMoratorium stabilizes supply; demand holds steadyFlat vs. 2025
BullProduction rationalizes, prices stabilize+3% to +6% vs. 2025
5.6
Market Opportunity Score โ€” mature, low-tax market constrained by chronic oversupply
Market maturity
8.0
Tax burden (inverse, lower is better)
7.5
Supply/demand balance (inverse)
3.0
Regulatory stability
7.5
Cross-border demand upside
2.5
Reading the Score

Oregon scores well on tax burden and regulatory stability, but a persistent supply/demand imbalance and adult-use neighbors on three sides limit upside.

17

Outlook & Next Steps

All Roles
โš ๏ธ
Oversupply remains the structural risk

Record 2025 production continued to push prices down; the permanent moratorium caps new entrants but not existing capacity.

โž–
Demand is steady, not growing

Consumer demand has held steady even as revenue falls — a sign of price elasticity rather than declining interest.

๐Ÿ“ˆ
Low tax burden is a durable advantage

At up to 20% combined, Oregon's tax rate remains meaningfully lower than high-tax peers like Washington (~44% effective).

โž–
Limited cross-border upside

With adult-use neighbors on three sides, Oregon cannot rely on cross-border demand the way more isolated states can.

โ€”

What's Free vs. What's a CannBus Membership

All Roles

Included in This Free Report

  • Key Takeaways & Decision Summary
  • Market Overview, Demographics, Regulatory & Licensing
  • State Incentives, Supply Chain, Consumer Demand
  • Regional Sales Estimates (modeled)
  • Financials, Neighbors, Workforce, Equity, Illicit Market
  • Market Signals, Scenario Outlook, Outlook & Next Steps

Unlocked with Premium / Elite

  • Full Cost-to-Open Benchmarks
  • Vendor Demand Signal with verified shortlists
  • Downloadable data appendix (CSV)
  • Priority alerts on OLCC regulatory changes
  • Direct introductions to vetted vendors
UPDATE
2025 sales fell 3.5% to $925M as record production pushed prices to new lows, even as consumer demand held steady.

Watch for 2026 supply-side data to see whether the permanent moratorium begins to rebalance the market.

Quarterly Refresh Scheduled This report updates every 90 days. Next refresh: September 13, 2026.
Sep 13, 2026
Next Review Date
18

Sources & Methodology

All Roles

This report compiles data from Oregon state agencies, federal demographic sources, and reputable industry and public media covering the Oregon cannabis market.

Primary Sources

  1. Oregon Liquor and Cannabis Commission (OLCC) โ€” State regulator; licensing and sales data
  2. Oregon Department of Revenue โ€” Marijuana Tax โ€” Tax rates and revenue statistics
  3. 2025 Recreational Marijuana Supply and Demand Legislative Report โ€” Producer/license counts and supply-demand analysis
  4. Oregon Public Broadcasting (OPB) โ€” 2025 sales and pricing trend reporting
  5. U.S. Census Bureau โ€” ACS 2024 โ€” Population, income, and age demographics
CannBus labels every data point as Official, Modeled-Estimated, or Not Available. This report contains no fabricated figures.