4 ms·
That's true until the market is saturated. Most consumers aren't going to double their consumption if price falls by half - unless you're basically an addict, t
by mind-blight 4y ago
That's true until the market is saturated. Most consumers aren't going to double their consumption if price falls by half - unless you're basically an addict, there are diminishing returns to consumption. Oregon grew way more than the state would ever consume, regardless of price for multiple years.
- dsfyu404ed 4y agoSaturated at what price point though? Until you can get high as cheaply as you can get your hands on a six pack of beer I don't thing we'll see demand plateau.
- mind-blight 4y agoSome years, I'd argue you would struggle to move all of the product if it was even free. I don't think you understand just how much weed was produced in Oregon. You're speaking generally, so don't know if you're taking into consideration the specifics of the Oregon market. Total US demand has very little impact on the legal Oregon market, except to encourage more legal growers to sell part of their crop black market in other states. Oregon produced so much that even releasing the pressure valve that way didn't stop the market from cratering. And, at the very least, the market was saturated below the break even point for production. The retail price didn't completely crater because dispensaries limited the supply based on their location, but a lot of producers could not move their product in the legal market and were left twiddling they're thumbs