Oregon’s 769 licensed retailers sold $925.8 million of cannabis in 2025, down 3.5%, as a record harvest pushed the median flower price to $3.33 a gram. Bank-to-bank ACH charges the exact basket total and settles next day on federally regulated banking rails, with no card network in the transaction.
Oregon has more licensed supply than its own market can absorb, and price has been falling for years as a result.
The short version
- Oregon sold $925.8M in 2025 across 769 licensed retailers.
- At a $3.33 median per gram, Oregon flower is among the cheapest anywhere.
- Chronic wholesale oversupply has compressed margins across the supply chain.
- Bank-to-bank ACH runs on federally regulated banking rails with next-day settlement.
The Oregon market, in numbers
Oregon recorded $925.8 million in cannabis sales in 2025, down 3.5% from $960 million in 2024 and well below the $1.2 billion pandemic peak of 2021, across 769 licensed retailers regulated by the Oregon Liquor and Cannabis Commission.
The median price of a gram of flower fell to $3.33 in December 2025, a record low. That is the downstream effect of years of wholesale oversupply: growers harvested a record 13 million pounds in 2025, Oregon licensed more cultivation than the state’s own market could absorb, and product cannot legally leave the state.
Demand has held up; it is price, not traffic, that has fallen. Oregon customers buy often and pay little, which puts all the pressure on transaction count and basket size.
Why card processing closes in Oregon too
The mechanism is national, not local. Card networks require every merchant to be classified with a four-digit merchant category code when an acquiring bank boards the account, and there is no code for state-licensed cannabis. An OLCC-licensed Oregon retailer accepting cards is boarded under a category that does not describe it, and network monitoring is built to find exactly that mismatch.
Oregon’s own rules do not change this. State licensing determines whether you can operate; card network operating rules are written against federal law, which has not moved. The sequence is the same everywhere: the account boards, it works for a while, monitoring flags the mismatch, and the account terminates with settled funds held, commonly for around 90 days.
Cashless ATM and PIN debit programs are common among Oregon retailers and carry the same underlying structure regardless of how the terminal is labeled at the counter.
Bank-to-bank ACH as the alternative
ACH moves money directly between the customer’s bank account and the merchant’s, on federally regulated banking rails. There is no card network in the transaction, so no merchant category code applies and there is no network monitoring comparing behavior against a coded category.
At the counter the customer scans a QR code with their phone camera, connects their bank once in about thirty seconds, and confirms. No app download. Every purchase after that is a single confirmation, typically under twenty seconds. Greencard Payments platform data puts the repeat rate at roughly 87%. Funds settle next day into your own account, and cash acceptance is unaffected — this is an addition to the payment mix, not a replacement.
Oversupply, thin margins and the cost of downtime
Oregon’s oversupply problem has squeezed every tier of the supply chain. Cultivators sell below cost, processors consolidate, and retailers run on volume at prices that leave very little per transaction.
In that environment a card processor termination is not a cost of doing business, it is an existential event, because there is no margin buffer between revenue and the funds hold.
The wholesale side compounds it. Growers and processors selling into a saturated market are often carrying receivables they cannot chase. B2B invoicing that settles against a specific invoice, next day, with recurring billing for standing orders, is a cash-flow tool before it is a payments tool.
Delivery, online and wholesale
Oregon permits retailer delivery within and between many jurisdictions, and SMS pay links settle the order before dispatch. E-commerce prepay collects the full basket on online pickup orders.
On the supply side, wholesale between licensees still settles largely in cash and checks. B2B invoicing on the same platform settles against a specific invoice, next day, with recurring billing for standing orders.
Availability in Oregon
Seay Payments is an Independent Sales Organization. We do not process payments, handle onboarding, or provide ongoing merchant support; we connect licensed operators to the platform and to the team that runs it. Bank-to-bank ACH acceptance through Greencard Payments is offered to licensed cannabis businesses, and the demo confirms availability and fit for your license type, your volume and your bank before anything is signed.