Oregon weed isn't just the cheapest in the country. Its wholesale prices for outdoor-grown cannabis flower are now the lowest the United States has ever seen.

Those wholesale prices hit an all-time low last week at an average of $398 per pound, says Cannabis Benchmarks, which monitors industry prices nationwide.

The group says the Oregon price is "the lowest ever observed for that grow type in any market."

That's a result of a massive oversupply of recreational marijuana since last fall's harvest—a glut that is putting growers out of business because their product has so little value.

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Katie Shepherd ~ Willamette Week ~