Oklahoma continues to hold the crown for some of the lowest marijuana prices in the United States. Despite recent efforts to rein in production, the state's high output and crowded market keep cannabis costs far below the national average. According to a newly published pricing guide by LeafLink, which tracks wholesale sales across 18 states, Oklahoma ranked as the cheapest state in nearly every category of cannabis products from flower to concentrates to edibles. Only Oregon managed to undercut Oklahoma slightly on pre-rolls.
This trend of low cannabis pricing isn't unique to Oklahoma, but the Sooner State offers a striking example of what happens when supply overwhelms demand. As states legalize medical or recreational marijuana, growers rush to secure licenses and flood the market with product. Without strict caps on cultivation, oversupply drives down wholesale rates, leaving businesses fighting for survival in a race to the bottom.
Industry leaders argue that regulators share some responsibility for this glut. In the early stages of legalization, states often prioritize accessibility over regulation, issuing thousands of business licenses with little restriction. As Beau Whitney, a cannabis economist, explained, unlimited licenses create a lopsided market where supply vastly exceeds consumer demand. The result? Persistently low cannabis prices that undercut profitability.
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