World News
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
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/
- Consider including the article’s mediabiasfactcheck.com/ link
view the rest of the comments
Want to Chime in since there's a lot of weird misinformation and conjecture in the comments:
The over-production was a business decision by many of the producers. A bad one. But they knew they were producing more flower than the Canadian market needed at any price point. Dropping price down isn't going to dramatically increase the consumption as polling / research by stats can shows the people smoking todtay, are the same who were smoking illegally before, and that the overall Cannabis market (while huge) isn't something that was ballooning.
I had invested in numerous stocks in the industry back when legalization started to gain ground. As an investor and reading the reports, one thing was clear. Everyone of the biggest producers believed they were going to be international gods of pot and be able to sell world wide. Many hedged billions on producing enough flower for the American market with hopes that the US would follow along very shortly.
These poor business decisions led to the large producers, such as Canopy, and Aurora from making over-building production to the point that even if they shut several of their operations, they would still over-produce for the Canadian market.
at the end, this was some MBA deciding that profit margins would be higher by writing off the excess weed instead of spending additional resources to use it in other products (it still can be used for extracts and edibles even if low quality)
This is what happens when you create a new industry (Producers) and let it be run by the MBA's and giant businesses instead of those who are actually involved in the industry in the first place.
as soon as I saw these happening I sold out on their stocks. IOf you go look up these companies current valuations, they're almost worthless and worth pennies compared to when they started due to their horrific management. (Aurora Cannabis lost 1 Billion in a year)
End stage capitalism: when you realize the population you’re selling to has a finite number and neglect to scale to parameter and still feel like you’re owed.
This is a huge problem I have with America. It's okay to stop growing at a certain point. Increases don't have to be infinite.
Yeah there is a lot of toxic beliefs surrounding money there. Take the stock market for example: where they count ‘potential gain’ as their money before it has a chance to pan out. counting their chickens before they hatch and if it doesn’t come true then they expect insurance on it as if it’s a true loss and they’ve been a victim of robbery.
And Bail outs shouldn’t be a thing. Especially on businesses that abandon their employees to rely on tipping culture. That’s the wrong definition for bailing out someone.
Yeah, all very interesting Mr Canada Money Bags.
I just wanna know when you're gonna post me some free weed to the UK?
Well, not keen on being on an international criminal list for illegal exports of Cannabis products. I'm no Mark Emery (thats good).
But if you find yourself in the GTA, I would gladly take you to a pot shop and give you my recommendations.
Though even the derivative products are still competing with the other products. You don't really need to get high from flower and an extract. You might get both for variety, but consumption of one will slow consumption of the other.
And yeah, it was dumb to assume that even if the US legalized it that there wouldn't suddenly be a bunch of US producers wanting to get in on it. It's not hard to figure out how to produce it. The plant can grow in all kinds of conditions and the hardest part is keeping it from reproducing more than you'd like.
Someone needs to tell my wallet this :p
Can they sell it to Michigan, or would that be a problem federally speaking?
Not under current US Federal regulations. While individual states have somewhat legalized it. US Federal regulations have it strictly prohibited and illegal. So it is illegal to import.
these companies had banked on US federal deregulation happening faster.
They over estimated America's intelligence.
more like underestimating republicans stupidity