this post was submitted on 10 Jan 2024
465 points (96.8% liked)

World News

39082 readers
3037 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 42 points 10 months ago (1 children)

Yeah, any trim or whack weeds could easily be repurposed for concentrates. Theres probably more to it than just "nobody wants it"

[–] [email protected] 46 points 10 months ago (3 children)

The size of the market was vastly overestimated. Every pothead wanted a slice of the business, so they all started up companies thinking there was unlimited growth potential. It was rapidly saturated and now we're in the collapse and consolidation phase, exacerbated by the higher interest rates and inflation.

Canada's population is similar to California, but it's producing weed enough for a country several times its size.

Plus the black market still exists, albeit in a small scope, due to price, quality, variety, or loyalty reasons.

[–] [email protected] 3 points 10 months ago (1 children)

This is exactly what happened in Oklahoma

[–] [email protected] 4 points 10 months ago

And people from all around Oklahoma traveled there just for their low prices.

[–] [email protected] 2 points 10 months ago* (last edited 10 months ago) (1 children)

Whats the overall legal status of cannabis in canada?

[–] [email protected] 15 points 10 months ago

It's legal all across Canada at the federal level. The provinces have the ability to regulate administrative aspects such as where it can be sold, who can sell it, how much it is taxed, where it can be grown, etc.

However, unlike the USA, criminal law is the same across the whole country. There are no provincial criminal codes. So, provinces have no ability to criminalize cannabis.

[–] [email protected] 2 points 10 months ago

My state started up sales last year and I watched the prices drop a lot over the year. It's mostly sold in eighths and the average eighth went from $40 to $20 for high quality products