Dropping prices and heavy tax burden will mean cannabis industry bankruptcies, warns producer

3 years ago by sik0fewl to c/canada

With high taxes, a saturated market and few options, some of Canada's legal cannabis producers are struggling.

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MyDogLovesMe 19 points 3 years ago

Yes. But the greedy business venture folks thought all that prohibition-profit could be gathered with a butterfly net by legally now becoming the “dealers”.

If you read through the old white paper on the matter 5 or 6 years ago (?) put together byb the LPC. It stated that home cultivation should stay in to mitigate the government, or private industry from becoming the new “dealers”. They likened it to the home made wine industry.

This is how it was intended to roll out, more or less. Industry is just pissed because they can’t pull in $10-15 a gram on low- grade, or mids.

People want weed grown with care. It makes all the difference.

Also, they made it all about THC content. …it’s not about that. You can get seriously fucked up on 15% THC with good terpenes, and a short, dull high from 33% corporate junk.

…IMO.

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