Why are some Canadian cannabis companies struggling?
Why are some Canadian cannabis companies struggling?
The first year or so of legal cannabis in Canada has been a bumpy ride.
There is a growing legal industry where there wasn’t one before, but there have also been collapsing share values and mass layoffs.
People involved in Canada’s cannabis industry say some of the issues just come with the territory of companies pressured to get too big too fast and the fact that legal weed still costs a lot more than the competing grey-market product.
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Black Market is destroying legal weed. The biggest reason I can think of is in the weed stores you can’t get "good" weed unless you wanna pay 100 bucks for a quarter. Goto the black market and pay 50 bucks or less for weed that’s as good if not better than what the government grows(black market didn’t have to drop prices either, nothing changed there as its the same price it was 10 years ago). The government should have known they would have to compete, its business. Honestly, it’s easier and more private to go to your "guy" as opposed to walking into a shop with camera’s where its no secret to why you’re there.
If the government doesn’t smarten up they are going to lose this competition. They can’t win by policing the black market, they couldn’t win that fight before legalization and I don’t see that changing.
i got like 10 weed stores oon my block alone!! come get high in qc
DON’T BUY GOVERNMENT WEED let them choke and die
black market is safe if you know where to buy from. the goverment weed is not safe do you trust them on how they are manipulating the seeds. remember this is big pharma backed. we should have and open market in canada we do not.
I just don’t understand do you guys really need so much weed? It’s not healthy. It’s just a new way to represent smoking. Safe, relaxing … The same was said about smoking in 1950-1960s.
Not buying my weed from ex cops plus i still save more than what a fine would cost when comparing how much it would have cost me to buy legally all this time so the judge better get creative with my sentence if i get caught.
$0.83g to produce in those places
bruh i love the weed store my town has, and i didnt start smoking weed until after weed was made legal in Canada, god i couldnt imagine the struggle people dealt with before it was legal
10$ per gram for legal weed ? yah right lmfao anything half decent legally where i live is usually 13-16 dollars a gram.
idc im high and canadian whoop
As a person who has been using cannabis for a number of years I have had more issues with the government cannabis then anything i have bought from the free market and from what I have found looking into the people that are on the boards of these companies who are able to get licenses are also on boards of pharmaceutical companies also. I believe in a free and open market that would create more mom and pop businesses and in-turn more jobs and better social programs but i think that is why the industry is only open to the pharmaceutical companies so that we only rely on them because they think we are all stupid and need to be told how to live.
it’s not a drug…it’s a leaf!
Please the government need give more opportunities to opening more stores of cannabis in Ontario.. Because the black market will go up and they only used a bad cannabis mixed up with a Illegal substances that harm the body..
Aurora cannabis is the best options for all of us..
This is why because lack of weed stores and expensive
As long as people are still in jail for it, it will always be too expensive.
Its Garbage product not grown with love . Also by law they should have to put date of harvest not when it was packaged .
Dont forget the active boycott that is happening …surprised none of the mainstream and even non mainstream news has not reported it or released statistic theirs a huge % of cannabis users who simply dont want to support ex police in the cannabis industry for example ..im one of them
The guy said that the black market might not be safe….I hope he knows people grow there own cannabis 😂😂 plus 4 plants is a joke when they sell you regular seeds they could all be males and you just wasted moths on growing and investing in your grow makes no sense over regulated
Ideally grow your own its not that hard to do
I have invested in a number of weed companies, and got out of all but two, Organigram and Village Farms. Organigram has been a shining example of integrity in the market, and always performed well, up until recently. When they pointed out the disparity between cannabis stores and liquor stores, the reason weed is failing became clear. Alcohol companies in Canada are powerful entities and have strangled the developing industry, just like big pharma here in the United States. Probably, were they able to enact policies to effectively launch the weed industry, it would take off like a rocket. But I would be willing to venture a guess that some guy in a suit whispers in the ears of the law makers, asking them how much they love their wives, children, and grandchildren. It would be kinda hard to promote an industry against those types of influences. People should just be given free reins to grow it at home, and be done with it.
Legal weed that’s actually smokable cost $15 a gram and up. Legal weed as low at $4.50.
Government pot is double the price it should be, its a joke. they can go
broke I’m fine with that. Pot is legal that’s all we needed. 35.00 an
eighth is a joke. Try 25 max for a top brand. They did it to themselves.
Citizens are fine if the pot industry goes belly up. We will just
continue to take care of it ourselves.
See how being too greedy messes things up? The money is all but guaranteed so its no need to be greedy you’re going to make money.
If the legal processors didn’t rape the chosen bud for other purposes like shatter or gummies before handing me a silver safe platter of ? A dead Christmas tree? Thanks big bucks.
Man we want that st8 gazzz ⛽️ ⛽️
We don’t F wit no midzzz . St8888 gazzzz only fam 🔥 🔥 . The terps gotta be LOUD in this shezzzyy. Just drippin in Trichomes ya dig??!? My boys come thruuu with the loudest!!! ⛽️ ⛽️ 💨
From a black market point of view the goal is to undermine tye prices and quantity of the other competitors, being the black market.
Did you see the product she was handling.. exactly whats wrong with the industry
who cares that their share value are collapsing . if you don’t make a good product then you go bankrupt. and don’t cry for them Argentina .theirs always someone else to come along and try their good luck at it . company’s are not above us . we all fail at times . we have the power not the suits . over and out.
We Canadians love weed!!!!
Government pot is double the price it should be, its a joke. they can go
broke I’m fine with that. Pot is legal that’s all we needed. 35.00 an
eighth is a joke. Try 25 max for a top brand. They did it to themselves.
Citizens are fine if the pot industry goes belly up. We will just
continue to take care of it ourselves.
Free the market.
In the meantime here in eastern europe police scrapes ash of pipe hoping to put you in jail for 0.05g.
Over priced !!!!!!! That’s the #1 reason
So lemme get sum straight da only way I can g a legal grow license in Canada is if I win the lottery. how are we supposed to build our economy back up if we keep oppressing it 🙄
i don’t see your news station going out and asking the people coming out of the stores what the problem with the roll out of leagal cannabis has been . boy would we tell you . wait till you see the roll out of 2.0 .it will be even worse then anything that we seen on oct 2018. this is a train about to crash .
they refused to let the black market growers come above ground so that corporate cronies could try and monopolize everything… but once again pot heads are too smart for the government and beat them at their own game. Why would anyone buy something of less value for a higher price in a store you have to drive perhaps hundreds of km to get to? At least the conservatives didnt write the law, it would be even worse… but then they didnt want to legalize it in the first place because they hate individual freedoms
Colorado has the best weed in North America, it’s not even up for debate.
Overall, Amsterdam has the best weed in the world IMO not up for debate.
The problem is the governments sticky fingers. Why is everything dried out and half the size as labeled. yeah no thanks.
Waiting for my country which day legal 🌿🌿 🇮🇳
Get your hair out of your eyes, girl.
5 dollars for a gram? I already pay 10 a gram here at AZ, how bad are these prices gonna get !?
Overpriced shity product that’s the problem
Over priced, dried out. Shops look crooked open the windows. Huge packaging. It should be the same as alcohol. Open stores with beer and cannabis. They want you to feel like you’re evil. Deregulate the industry alot.
Canada 🇨🇦 is the worse place to do business the government restricts business with red tape, the government refused to allow additional stores to open and is killing the canabis business.
Your numbers are all wrong $5 a gram on the black market and 10 legal? Not every buys a lb of weed at a time in order to get $5 a gram from buddy . And $10 bucks a gram legal is a farce ,damn near $20 bucks a gram for legal weed of the "good" stuff . More like $30 bucks an eight and 50-60 for a quarter and $200 an oz .
If your going to do a story on weed at least get your story straight . That’s what’s wrong with the weed business these days , buncha suits tryna get rich on something they don’t know jack about
the main problem is the government doesn’t listen to the people .if they asked us the buyer of the product and not try to charge 35% to 60% more for it.they say it cost more so it can be safer . i say that’s horse poop i’ve smoked for 35 years and not once have i got moldy bud . why? it’s the all powerful greed. no teast no smell no moister.yep they will buy it. they think were all just sheep . it’s like they want it to fail .
Terry be high af😂😂
the business model does not strike a chord with the average pothead
*BECAUSE THE CANNABIS COMPANIES ARE GREEDY, THEY THINK THAT STREET PRICE IS $10 A GRAM BUT ITS ONLY WORTH $4 A GRAM NOT $5 A GRAM. THEY WANT CUSTOMERS TO PAY FOR THE TAX SO THAT THEY MAKE WHAT THEY WANT TO MAKE. AND THE FEW COMPANIES THAT SELL AT A FAIR PRICE SELL OUT IMMEDIATELY. THATS WHY. FACTS*
"As a producer, you’re actually able to produce product.." seriously?! XD
Native stores took over my area no rules