Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.
Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.
How about we change the title juuuuust a bit…
Since 2018 Canada Destroyed 3.7 Million Pounds of Cannabis Rather Than Let Prices Fall
That’s not really that accurate. The article explicitly says that much of the waste is caused by growers who overproduced low quality weed, when most of the market is focused on really high potency cannabis.
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When demand is high and supply is low they raise prices but when supply is high and demand is low they don’t lower prices, the lower supply.
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That would have been the smart thing to do but they continued to grow when it wasn’t selling fast enough to begin with so I don’t think we’re talking about the most brilliant minds.
Economics 101: additional supply is counteracted by lower demand (meaning lower prices to compete for that demand)
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Pick one. You can’t have both. Either you have the ability to control supply or you don’t.
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I didn’t have to. You contradicted yourself.
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You seem like you’ve got all the answers already. Why bother asking a question?