Yeah, that was an eye opener. He said he would be lucky to get $400/lb for his outdoor and $700/lb for his indoor in this market. His product is organic, pesticide free btw.
Apparently, OR has a million pounds in inventory, but the state demand is only half that per year. Lots of bud is going unsold. And since it's controlled seed to sale, they can't divert it to black market or out of state sales. It has to be sold in state, to licensed sellers.
So $454/pound is $1/gram. That's all the retail shops will pay. How much can they charge for it if everyone is paying $1/gm for top shelf stuff?
You know the LP's aren't going to want millions of pounds of extra production to compete with. There still isn't an export market.