Cannabis sector check-in
Pablo Zuanic, managing director at Cantor Fitzgerald, joins BNN Bloomberg to discuss the Cannabis sector’s recent changes. Canopy Growth announced sweeping job cuts and facility closures, including their headquarters, in its latest move to become more profitable.
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The problem with the dispensary industry is everything about it.
First, they are trying to get away with disgusting product that they don’t make any claims. It’s 100% marijuana. It taste bad. The high is a weird Prozac hi . It’s disgusting.
They fool the customer by offering many different strains, because if you’re not satisfied with the one strain… Try the other which is the same and just as bad.
And then there are the taxes. 35% tax. For the most disgusting product.
And then they scan your drivers license and record it. Perfect evidence for the DUI.
It’s over priced and under quality. It’s not natural. It’s impossible for them to grow so much product in such small spaces so there is definitely something fishy about that.
Everything about this legal marijuana is garbage. If you are investing without knowing the product… You will lose. Greediest are growing something they know little about.
Big weed = shitty weed.
All the these LP’s produce garbage quality cannabis that’s the problem. The flowers are loaded with synthetic PGRs and hardeners pesticides etc and are very low quality for a high price.
Why would people buy that garbage when they can get much much better quality craft organic for a cheaper price.
*$TRUFF RED LIGHT HOLLAND CORP US:OTCQB*
✨🍄🍄🍄🦄❤️🔥🌹📿
I wish someone would just buy out canopy growth at this point and show the management how it’s done.
It’s tanking. There’s no money in it in Canada; just another Liberal pipe dream.
Canopy’s problem is that they put cost and volume over quality and grow mediocre pot. Any fool can produce cheap wine. Good Beaujolais is another matter entirely. Canada has been producing the world’s best weed for 30 years. We are used to boutique producers of good quality weed and there are a lot of them. Consumers won’t by Canopy Crud because of a law.
Canopy’s table officers did very well by fleecing investors (who get screwed).
Over capacity is not important for price. In the past, most of the cost of marijuana was police risk. That’s gone. For a good small grower (1,000 plants or less) production cost is $1 / gram. That does not change for 10,000 plants. Marijuana does not respond to scale any better than elite wine.
Selling weed is no longer about drugs, it’s about tax and regulation – red tape. The huge margins inspired by police risk that drew investors are gone.
The government was wrong (the original law was a pointless, nitwit mistake in the first place). The hippies were right.