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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[–] [email protected] 1 points 10 months ago

It's a weird way to frame misspeculating and overestimating demand, but whatever makes you feel better, industry.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

How about we change the title juuuuust a bit...

Since 2018 Canada Destroyed 3.7 Million Pounds of Cannabis Rather Than Let Prices Fall

[–] [email protected] 1 points 10 months ago

Hey man. I'm just like... Doing my best.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago) (1 children)

Export or stop making so much (or discount it, or give it away).

[–] [email protected] 0 points 10 months ago (1 children)

«Industry expert and consultant Farrell Miller notes that the majority of this discarded product was destroyed for being too old and having too little THC. “There is no demand for old and low-THC products, so manufacturers of finished products are not buying this biomass as inputs,” she said. “It’s likely low-quality material with no value. “As consumers become more savvy with packaging dates on dried cannabis products, this trend will only continue.”»

They claim nobody wants it

[–] [email protected] 0 points 10 months ago (1 children)

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

[–] [email protected] 0 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"

[–] [email protected] 1 points 10 months ago

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.