this post was submitted on 10 Jan 2024
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Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018 Oversupply has been a real issue for the cannabis industry.

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[–] rockSlayer@lemmy.world 58 points 2 years ago (11 children)

That makes no sense. Low content strains are perfect for all sorts of concentrates.

[–] CaptainSpaceman@lemmy.world 36 points 2 years ago (6 children)

Yeah, any trim or whack weeds could easily be repurposed for concentrates. Theres probably more to it than just "nobody wants it"

[–] troyunrau@lemmy.ca 43 points 2 years ago (5 children)

The size of the market was vastly overestimated. Every pothead wanted a slice of the business, so they all started up companies thinking there was unlimited growth potential. It was rapidly saturated and now we're in the collapse and consolidation phase, exacerbated by the higher interest rates and inflation.

Canada's population is similar to California, but it's producing weed enough for a country several times its size.

Plus the black market still exists, albeit in a small scope, due to price, quality, variety, or loyalty reasons.

[–] RaoulDook@lemmy.world 2 points 2 years ago

My state started up sales last year and I watched the prices drop a lot over the year. It's mostly sold in eighths and the average eighth went from $40 to $20 for high quality products

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