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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[–] CaptainSpaceman@lemmy.world 42 points 10 months ago (1 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 46 points 10 months ago (3 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.

[–] KingJalopy@lemm.ee 3 points 10 months ago (1 children)

This is exactly what happened in Oklahoma

[–] Uglyhead@lemmy.world 4 points 10 months ago

And people from all around Oklahoma traveled there just for their low prices.

[–] RaoulDook@lemmy.world 2 points 10 months 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

[–] Steve@startrek.website 2 points 10 months ago* (last edited 10 months ago) (1 children)

Whats the overall legal status of cannabis in canada?

[–] sailingbythelee@lemmy.world 15 points 10 months ago

It's legal all across Canada at the federal level. The provinces have the ability to regulate administrative aspects such as where it can be sold, who can sell it, how much it is taxed, where it can be grown, etc.

However, unlike the USA, criminal law is the same across the whole country. There are no provincial criminal codes. So, provinces have no ability to criminalize cannabis.