Cannabis stocks continue to tumble | Power & Politics
Cannabis stocks continue to tumble | Power & Politics
Canada’s cannabis industry has seen a downturn in stock prices in the first year of legalized weed.
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Overpriced and the thc levels are over stated. Bang that’s a disaster, plus the black market got better and cheaper.
Well what did you expect, there is a large demographic difference between the medicinal users and the occasional casual users, this should warn you of the overhype and overproduction, not underproduction within Canada, it’s export is going to be slow throughout the world as countries grapple with legalization, and any blowback from the existing use, like what’s going on with the oxycoton industry.
They can’t make money because they’re all smoking pot.
Cannabis industry is still pretty young…and with all the quality and pricing issues, the black market is alive and well however this won’t be the case forever…the black market won’t compete in the medical, edibles and skin/haircare segment as effectively and these products will slowly drag the illegal market down….it’s just a question of time.
I would be fine with the way things are. Potency is the biggest problem. I do not like spending 50 bucks on a high I can get from 2 tylenol and a couple cigarettes. Go back to Thick smoke, Red eyes, Resin and being high. These legal, watered down products are just not hitting the mark. I am a casual smoker and when i smoke i want to know it…
i don’t disagree with anything he’s saying, but it just feels like an aggressive sales pitch.
Interview with Cam but video of facilities of other companys……..
They should be using hemp plastic as packaging for cannabis products
The prices will keep falling, I can almost guarantee that. The black market will still end up cannibalizing itself. There’s not going to be very many winners in this game.
It’s too expensive and the quality is too low. I’d rather not smoke and wait for my own to finish growing.
My portfolio has grown tremendously. I continue to make huge profits with my trader, Mr Patrick Brown
when I get low I smoke more marijuana to get High again, maybe the stocks should try this.
zooooooooooooooooooooor.
Cam is a loser
It was great decision for government even nobody hasn’t been started marijuana nearly after legalization.
I am in the cannabis industry in Vancouver.
The real issues are, consumers do not want overpriced poor quality corporate cannabis.
Consumers prefer small retail shops and products from small Craft Growers.
Until sensible regulations and amendments to the Canadian cannabis act happen, the black market will continue to flourish.
This talking head from the corporate cannabis world mentioned tens of thousands of new jobs, in British Columbia there are approximately 200,000 people still involved in the black market industry and have no intention of stopping, isn’t it best to bring these popular and well established independent shops and producers into sensible regulations?
Lastly, mainstream media is to blame for the ongoing negative spin they have on cannabis use while at the same time continually endorsing alcohol, so let’s start there and then move from that point in order to change opinions about cannabis use and cannabis users, sounds fair enough?
Please feel free to follow me on Twitter and Instagram @vanpatsow ✌️😊🇨🇦
This was to happen you made it legal any one can grow why buy it . buy a little grow a lot of your own.😳😳😳
This guy sounds like a corporate douche. Monopoly, anyone?
Easier to open a bottle of oxytocin, then a vape product from a store. What a joke!
Maybe the government is to stoned to talk about it and not serious
Good time to buy imo
The provinces, on balance screwed up the launch. I thought I read somewhere that l
in the first year, PEI sold more legal pot than BC. You messed up when you have like, what, 30-40x the pop. of a province and was outsold by them. Here, in Ont, there are more stores, but they are spread out sporadically, with the great majority (obv) in and around Toronto. The selection at the one store near me is not good, and their prices are around double what private dealers tend to sell for.
The federal govt. also messed up. The packaging rules are federally applied, the packaging rules that basically require 20g or so of packaging for as little as 1g of product. For a government supposedly focusing on the environment, this seem like a big ‘oof’ or ‘yikes’to me, as the kids might say. Im not even an environmentalist-type, and I see the obvious hypocrisy in this set up.
The mail-in retailers do it much more efficiently: most just double vac pack the producrt, which is aleeady stored in a UV resistant bag. It isnt perfect, either, but the amount of packaging at leadt scales to the amount of product.
I would genuinely like to see the govt get this balance correct, but out of the gate (and I can sort of understand why) they seem to have taken the most cautious approach to legalization they could possibly have thought up, and then said not good enough, and spent another month tightening it down further.
Once theres a few years worth of data to analyze, one of the provincial models ought to have emerged as the best in terms of per capita utilisation and sales, as well as customer experience and public safety. It going ro take a while, but they’ll get there, its just not clear how many of these early adopter corporations will still be standing by then, and will there be some newly licenced challengers to step up in their place?
"regulated rules"…
Don’t apply to Canadians and…
Their personal legal gardens…
"Got it figured out"…
It’ll bounce back.
It’s almost the exact equivalent of the Tulip bubble. And people think bitcoin is a bubble when bitcoin has a limited supply. People still don’t understand supply-demand economics. 😆😆😂
Considering the lines at stores, with product flying off the shelves it is difficult to believe that they( the companies) are not hitting projected sales targets and making a profit.
Blame the government!!!!!!!
The cycle will continue…buy buy buy
Not surprised. "Legal" weed is total garbage. It’s now October 2019 and I’m still receiving completely dried out weed that was "packed" in August 2018.
I can’t speak for anyone else, but as someone who almost exclusively vapes, I’m going back to my pre-leglization mail order site where I can count on the product not being completely dried out.
Prices to high, quality to low, packaging is horrible. Illegal services should never provide a better service then a legal one. Forced economic scarcity goes against the values the free market was based on. Look at Netflix vs Spottily, one of them stopped almost all piracy in their industry, and one of them has not. Please stop the black market sale of cannabis by making the legal market the better choice. They are doing such a poor job that street prices for weed have gone back up to pre-legalization levels! I want to see what I’m buying, I want a better deal for buying in bulk, and a fair price. The guys risking going to jail and hiding it from the cops can do it cheaper? How does that work exactly?
albeit this will have a turn around as FSD Pharma will now enter the Nasdaq stock market
NUGS–Cannabis Strategic Ventures Great opportunity with this company. In a soon to be booming California market!
Thanks for the report. What are the policy makers doing with regulations. Are they working with the companies to iron out the issues?
Terrible management.
I imagine homegrown will eventually be like diy personal consumption beer and wine making. Less monitoring by govt agencies and fewer convictions for growing one or two plants "over the line". More homegrown craft type varieties will be the eventual "trend". Haven’t heard of any diy beer/wine folks being busted for brewing an extra dozen bottles lately. With the march of time authorities will place their time and dollars pursuing real crime.
Crash and burn Truedope
Cam Battley doesn’t know Math lol. Trulieve did 70m Revenue USD, ACB did 76m Cad lol. Thats 14m Cad Difference lol. Aww Cam:). I can Teach ya Math, just give me 100k shares, like you get every month for Adding no net income to balance sheet .
CBC shadow banning again today. CBC can’t handle the truth.
damn this dude talked a lot without saying anything. what a mouthpiece. ‘global leadership position blah blah blah have a conversation blah blah blah"
Walmart sells beer now!! Walmart should be allowed to sell pot too! Great Value brand.
It is harvest season, time to chop down those stocks and dry it out.
It’s Called all about the money! And a very greedy government!!
I think the federal government did a good job with legalization, the provincial government here in ontario on the other hand AWFUL. There are no stores within a 200km radius of me and i live in south western ontario. Doug is FORCING people who dont want to wait for shipping to buy on the black market. the federal government is maybe a bit too strict with packaging and marketing but their handling of the production itself and regulating the companies is top notch. people should see the facilities our legal weed is grown in. no doubt the best quality of weed in the world. people complaining about price? you get what you pay for. there is good value on OCS. people just dont look hard enough and dougie isnt allowing a review system so people can know whats good and what isnt.
Aurora Number 1 market share in Ontario
Buy the dip
You can bet your life savings that these suggested regulation changes favor Large corporations , and limits/eliminates small sellers. Sounds like they want laws to grant them a monopoly like they almost have in the Medical sections.
im a pot stocks investor. why is this happening? prices are crazy too high for the revenues they are bringing in.
Britain is the largest exporter of cannabis in the world grown by British sugar in Norfolk
Its illegal to possess unless grown under licence given by home secretary
The home secretary at the time Teresa May
Her husband is relationship manager to British sugar
Kaching $€£
His company gets 15%
2017 British sugar had a minus 20m turnover
2018 once selling cannabis 80m profit
Canada receives the bulk of our crap weed
I blame the crown
what is nelson peltz doing? Where are the investors?
In the beginning weeds prices were fixed to compensate growers who faced incarceration for breaking laws to cultivate marijuana. Now that the"legal" growers face no such threats why has the price of cannabis increased rather than decreased? Greed maybe?